BB&T Capital Markets Serves as Exclusive Financial Advisor to St. George Logistics in its Sale to Wind Point Partners
On July 22, 2016, St. George Warehousing & Trucking Co. of California, Inc. (“STG” or the “Company”), a portfolio company of LongueVue Capital, Long Point Capital, and Ironwood Capital, was acquired by Wind Point Partners (“WPP”). BB&T Capital Markets served as the exclusive financial advisor to STG and its shareholders.
About the Companies
St. George Logistics offers a wide range of value-added logistics services including ocean and air container freight station (CFS) services, contract warehousing, distribution, and e-commerce fulfillment and services. St. George operates the largest network of independent CFS facilities in North America with very close proximity to all major ports and metropolitan areas for ocean or air cargo. St. George is also a leading provider of a wide range of additional logistics services including distribution, warehousing and reliable transportation within the US.
LongueVue Capital is a private equity company focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies to support buy-outs, recapitalizations, acquisitions and growth. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including energy services, logistics, electrical and instrumentation services, wireless technology, manufacturing, and healthcare services. LVC is based in New Orleans with additional offices in New York and Salt Lake City.
Long Point Capital was founded in 1998 to invest in outstanding founder, family, and management-owned companies with highly capable management teams and strong growth prospects. It focuses on lower, middle market businesses with EBITDA of greater than $5 million with defensible market, customer and product positions, solid long-term industry fundamentals, and a history of stable earnings. Long Point has invested in a diverse portfolio of manufacturing, service, and distribution companies in a broad range of industries.
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Over the past 15 years, it has invested, through its various partnerships, approximately $600 million in over 100 companies. It takes a straightforward approach in providing profitable, well-managed companies with growth and transition capital coupled with strategic, operational and financial guidance. With nearly 30 years of middle market experience, Ironwood Capital seeks to simplify a process that is often unnecessarily wrought with complexity and contention.
Wind Point Partners is a private equity investment firm based in Chicago, IL that has raised $3 billion in commitments since 1984. Wind Point focuses on partnering with top caliber management teams to acquire middle market businesses where it can establish a clear path to value creation. Since its founding in 1984, Wind Point has acquired more than 90 platform companies and 160 add-on acquisitions.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.