LongueVue Capital Invests in St. George Warehouse, Announces New President & CEO
LVC’s Investment Supports Growth and Acquisition of Leading Port Logistics Company
New Orleans (April 8, 2013) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, announced today it has invested both equity and mezzanine capital in St. George Warehouse (“St. George”), a leading provider of container freight station (“CFS”) services for ocean cargo imported into the United States.
Based in South Kearny, New Jersey, St. George operates from ten facilities strategically located in close proximity to the nation’s largest ports and metropolitan areas. The company’s CFS business is complemented with warehousing and distribution services as well as air CFS and expedited air freight services.
LongueVue Capital is also pleased to announce the hiring of Denis E. Reilly as the company’s President & Chief Executive Officer. Reilly possesses over 30 years of experience in the logistics industry, including senior level positions as CEO of USA Dry Van Logistics, President of North American Transportation of OHL, and Senior Vice President of Meridian IQ, a subsidiary of Yellow Roadway Corporation.
Denis commented on his appointment: “I am very excited to be joining St. George. I was attracted to St. George because of its stellar reputation in the industry, the great operations and management team, and the recent investment by experienced equity partners. St. George’s commitment to providing world class customer service combined with its industry leading technology are both competitive advantages I believe we can lever to significantly grow the company.”
LVC partnered with New York-based Long Point Capital and Connecticut-based Ironwood Capital to acquire a controlling interest in St. George and provide capital for future growth. “St. George has built a strong reputation in the market across its many service lines through a tireless commitment to exceptional service,” said Rick Rees, Co-founder and Managing Partner of LongueVue Capital. “We believe there are significant opportunities for growth ahead of St. George and believe Denis is the ideal executive to lead the company going forward.”
“The capital and expertise our new partners bring to bear for St. George will be instrumental in our company’s next phase of growth,” said St. George founder, Anthony Fortunato, who remains a shareholder and board member of the company. “Their industry experience and successful track record in the lower middle market make them ideal partners for St. George. I am also thrilled to welcome Denis to our team. His skill set and experience are highly complementary to our culture and operations.”
About LongueVue Capital:
LongueVue Capital is a private equity company focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies (up to $100 million in annual revenue) 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. For more information, please visit www.lvcpartners.com.
For inquiries, please contact firstname.lastname@example.org or call 504.293.3600.
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