Investment Summary

Summit Global Logistics Exits FMI International

On January 30, 2008, invested in business services company FMI International from Summit Global Logistics

Investment Highlights
  • This is transaction in the Business Services sector.
  • This is transaction in the United States.
  • This is transaction in New Jersey.

Investment Summary

Date 2008-01-30
Target FMI International
Sector Business Services
Sellers(s) Summit Global Logistics
Deal Type Bankruptcy

Target

FMI International

Carteret, New Jersey, United States
FMI International, Inc is a leading third party logistics provider to the U.S. apparel industry. The services include including freight forwarding, transloading, warehousing, distribution, and local and long distance ground transportation to the U.S. import apparel industry. Along the entire transport route, FMI offers a comprehensive inventory tracking system that enables customers to locate their merchandise at any point on the supply chain. FMI is one of the few companies in the industry with expertise in garment-on-hanger shipping, a shipping method in which delicate apparel remains hung on slick rails throughout its transport, avoiding the weight and pressure of other garments that could adversely affect their appearance.

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Seller(S) 1

SELLER

Summit Global Logistics

East Rutherford, New Jersey, United States

Category Company
Founded 2006
Sector Transportation
Employees798
DESCRIPTION

Summit Global is a leading third party logistics company providing a full suite of supply chain management services in the United States, Asia (including China, Taiwan, Thailand and Vietnam), Russia, the Commonwealth of Independent States, Eastern Mediterranean, the Middle East and India. The Company operates both contract logistics and freight forwarding/NVOCC operations in approximately 25 key transportation hubs across the globe.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 FMI International

Carteret, New Jersey, United States

FMI International, Inc is a leading third party logistics provider to the U.S. apparel industry. The services include including freight forwarding, transloading, warehousing, distribution, and local and long distance ground transportation to the U.S. import apparel industry. Along the entire transport route, FMI offers a comprehensive inventory tracking system that enables customers to locate their merchandise at any point on the supply chain. FMI is one of the few companies in the industry with expertise in garment-on-hanger shipping, a shipping method in which delicate apparel remains hung on slick rails throughout its transport, avoiding the weight and pressure of other garments that could adversely affect their appearance.

Buy $100M