Long Point Capital is pleased to announce the successful sale of St. George Logistics to Wind Point Partners.
St. George is the leading provider of container freight station services for ocean cargo imported into the United States. The company also provides a broad array of complementary logistics services, including distribution, value-add warehousing, air container freight stations, and expedited transportation services. St. George is headquartered in South Kearny, New Jersey, with additional facilities located in the nation's largest ports and metropolitan areas, including Los Angeles, Houston, Chicago, Atlanta, Savannah, and Charleston.
Long Point Capital partnered with private equity firms LongueVue Capital and Ironwood Capital in acquiring St. George in 2012. Over the course of the investment, the company expanded its leadership position in the container freight station market and significantly grew its facility and service footprint. In addition, St. George attracted a highly talented management team capable of navigating the company's next phase of growth and substantially improved its information technology, analytics and reporting, and sales and marketing functions.
"Long Point Capital, LongueVue Capital, and Ironwood Capital were highly value-added partners in managing the opportunities and challenges that faced St. George ever since I joined the company in early 2013," said Denis Reilly, President & Chief Executive Officer of St. George. He added, "Their board level leadership and strategic planning were instrumental in positioning St. George for tremendous growth and transforming our business into a market leading provider of quality, service, and technology."
"It has been a real pleasure to work with Denis, the St. George team, and all of our partners in the investment," said Ira Starr, Managing Director at Long Point Capital. "Our investment in St. George is a great example of how Long Point partners with founder-owned businesses to drive operating efficiency and profitable growth, and provides the owners with a valuable second bite of the apple."
"I chose to work with Ira and Long Point Capital because of their history of success in working with entrepreneurial companies," commented Anthony Fortunato, the founder of St George and an investor in the transaction. "They did everything they said they would do - from closing the transaction, to guiding the business's growth, to exiting the investment. I would highly recommend them to other entrepreneurs."