LongueVue Capital Invests in Select Express & Logistics
LVC Partners with Management to Support Growth of National Last Mile Platform
New Orleans (February 5, 2019) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, is pleased to announce that it has invested growth capital to support the continued expansion of Select Express & Logistics (“Select Express”), a national provider of last mile delivery and assembly services.
Headquartered in New York, NY, Select Express specializes in white glove delivery and assembly of heavy goods, leveraging a technology-enabled network of vetted and qualified independent contractors to manage complex, in-home assembly requirements. Established as a New York courier business in 2001, Select Express has grown to become a national player in the third party logistics sector, providing last mile services in all fifty states and Canada along with complementary transportation and distribution capabilities. The Company serves a variety of retailers, e-commerce players, and businesses across a wide array of end markets, including furniture and home goods, sporting goods equipment, healthcare, and home improvement, among others.
LVC partnered with the current management team, who will remain significant shareholders in the business, to facilitate the transaction. “Select Express’ exponential growth over the past several years is a testament to the tremendous culture, team, and business that founders, Jay Waldman, Errol Cvern, and Joe Gallo have built,” said John McNamara, Co-founder and Managing Partner of LongueVue Capital. “Partnering with the Select Express team is an honor for us at LVC. They are true leaders in the last mile industry, and we are excited to provide additional capital and resources to fuel future growth.”
Jay Waldman, Chief Executive Officer of Select Express, commented, “On behalf of the entire team at Select Express, we are thrilled to be partnering with LongueVue Capital. We have gotten to know the team at LVC over the past couple years and were particularly attracted to their experience in third party logistics, approach to partnership, and alignment with our vision to grow the business. We are confident LongueVue Capital will bring great value to our company as we embark upon our next chapter of growth.”
About LongueVue Capital:
LongueVue Capital is a private equity firm focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies (up to $150 million in annual revenue) to support growth, recapitalizations, and acquisitions. LVC currently has $450 million in funds under management and is investing from its third fund, LongueVue Capital Partners III, L.P. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including transportation and logistics, manufacturing, healthcare, business services, and energy services. LVC is based in New Orleans with additional offices in New York and Salt Lake City. For more information, please visit www.lvcpartners.com.
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