CLDA Corner
Capstone Logistics Acquires Last Mile Distribution Provider Rapid Response Delivery
Capstone Logistics , LLC (“ Capstone ” or the “ Company ”), a leader in end-to-end supply chain solutions , announces the acquisition of Rapid Response Delivery (“ Rapid Response ”). Rapid Response is a Maryland-based company that has been in business for over twenty years , providing final mile delivery services throughout the mid-Atlantic region .
“ The acquisition of Rapid Response continues the expansion of Capstone ’ s service offerings and customer base , particularly within the last mile delivery market ,” said Steve Taylor , Chief Executive Officer of Capstone . “ This strategic move reinforces Capstone ’ s position as a leading logistics provider , offering a full range of warehousing services , last mile delivery solutions , and transportation management .”
“ We are excited to partner with the team at Rapid Response . Their operational execution , extensive service capabilities , and geographic reach perfectly complement our existing business , providing greater options and opportunities for our partners .”
Capstone is owned by affiliates of H . I . G . Capital (“ H . I . G .”), TJC , L . P . (“ TJC ”), and Capstone ’ s management team . CLDA
ABOUT CAPSTONE LOGISTICS Headquartered in Peachtree Corners , GA , Capstone Logistics is a leading third-party logistics company . It provides a comprehensive suite of warehouse , last mile distribution services , and freight management across the United States and Canada . Capstone partners with some of the world ’ s most-recognized brands throughout a variety of industries , including retail , grocery , automotive , food manufacturing , home improvement , healthcare , and more . To learn more about Capstone , visit www . capstonelogistics . com .
ABOUT RAPID RESPONSE Rapid Response is a Maryland-based transportation and delivery company providing a range of last mile solutions , such as medical / pharmaceutical delivery , postal distribution , e-commerce small parcel delivery , pool distribution , and cross dock services . Founded in 1999 , Rapid Response proudly serves a variety of customers across Maryland , New Jersey , Pennsylvania , Delaware , Virginia , and Washington D . C .
ABOUT H . I . G . CAPITAL H . I . G . is a leading global alternative assets investment firm with $ 55 billion of equity capital under management .* Based in Miami , Florida and with offices in New York , Boston , Chicago , Dallas , Los Angeles , San Francisco , and Atlanta in the United States , as well as international affiliate offices in London , Hamburg , Madrid , Milan , Paris , Bogotá , Rio de Janeiro and São Paulo , H . I . G . specializes in providing both debt and equity capital to small and mid-sized companies , utilizing a flexible and operationally focused / value-added approach :
1 . H . I . G .’ s equity funds invest in management buyouts , recapitalizations , and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses .
2 . H . I . G .’ s debt funds invest in senior , unitranche , and junior debt financing to companies across the size spectrum , both on a primary ( direct origination ) basis , as well as in the secondary markets . H . I . G . is also a leading CLO manager , through its WhiteHorse family of vehicles , and manages a publicly traded BDC , WhiteHorse Finance .
3 . H . I . G .’ s real estate funds invest in value-added properties , which can benefit from improved asset management practices .
4 . H . I . G . Infrastructure focuses on making value-add and core plus investments in the infrastructure sector . Since its founding in 1993 , H . I . G . has invested in and managed more than 400 companies worldwide with combined sales in excess of $ 52 billion . For more information , please refer to the H . I . G . website at www . higcapital . com .
ABOUT TJC TJC , founded in 1982 , is a middle-market private equity firm that has managed funds with original capital commitments in excess of $ 19.0 billion since 1987 and has a 41-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Logistics & Supply Chain ; Diversified Industrials ; Healthcare & Consumer ; Technology , Telecom & Power ; and Tactical Opportunities . The senior investment team has been investing together for over 20 years and has completed more than 150 platform investments and 500 add-on acquisitions . The investment team is supported by the Operations Management Group , which was established in 1988 to initiate and drive operational improvements in portfolio companies . Headquartered in New York , TJC also has offices in Chicago , Stamford and Miami . For more information , please visit TJC ’ s website at www . tjclp . com .
spring 2023 I customized logistics & delivery Magazine 71