Investment Summary

Harvey & Company and Frontenac Invest In Zipline Logistics

On October 20, 2022, merchant bank Harvey & Company and private equity firm Frontenac invested in transportation company Zipline Logistics

Investment Highlights
  • This is Harvey & Company’s 1st and Frontenac’s 1st transaction in the Transportation sector.
  • This is Harvey & Company’s 60th and Frontenac’s 70th transaction in the United States.
  • This is Harvey & Company’s 3rd and Frontenac’s 2nd transaction in Ohio.

Investment Summary

Date 2022-10-20
Target Zipline Logistics
Sector Transportation
Investor(s) Harvey & Company
Frontenac
Deal Type Growth Capital

Target

Zipline Logistics

Columbus, Ohio, United States
website
Zipline Logistics is a tech-enabled, asset-light, third-party logistics (3PL) provider specializing in the food and beverage, consumer packaged goods and healthcare end markets. Zipline Logistics was founded in 2007 and is based in Columbus, Ohio.

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Investor(S) 2

DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 64 of 72
Sector (Transportation) 1 of 1
Type (Growth Capital) 13 of 13
State (Ohio) 3 of 3
Country (United States) 60 of 67
Year (2022) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 DK2

Burlington, Ontario, Canada

DK2 is specialized in outdoor power equipment, trailers, winches, snowplows, and auto accessories. DK2 was founded in 1997 and is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Royal Distributing

Guelph, Ontario, Canada

Royal Distributing is a omnichannel specialty retailer serving the enthusiast powersports market for snowmobile, ATV, UTV, dirt bike, motorcycle, and watersports aftermarket products. Royal Distributing was founded in 1990 and is based in Guelph, Ontario.

Buy -
Investor

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 74 of 77
Sector (Transportation) 1 of 1
Type (Growth Capital) 3 of 3
State (Ohio) 2 of 2
Country (United States) 70 of 73
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Spice Chain

East Brunswick, New Jersey, United States

Spice Chain Corporation is an importer, processor, packager and supplier of premium quality ingredients to the foodservice, private label retail and food manufacturing industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 CertainPath

Addison, Texas, United States

CertainPath is a training and development organization that assists residential home services contractors to build and grow their businesses. The Company’s members serve repair and remodel needs within the HVAC, electrical, plumbing, and roofing categories. CertainPath’s offerings include training, coaching, supply chain access, technology, events and other resources. CertainPath is based in Addison, Texas.

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