Harris Williams & Co. Advises Pinnacle Workforce Logistics on its Merger with Capstone Logistics, LLC
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the merger of Pinnacle Workforce Logistics (Pinnacle), a portfolio company of Fenway Partners (Fenway), with Capstone Logistics, LLC, (Capstone), a portfolio company of The Jordan Company. Pinnacle is a leading provider of outsourced supply chain solutions. The transaction was led by Bob Baltimore and John Klim, of Harris Williams & Co.’s Business Services Group and Ryan Nelson and Carl Hardie of the firm’s Richmond Office.
“It has been a pleasure working with Pinnacle and we look forward to seeing the company’s continued success. Pinnacle’s experienced and talented management team has done a great job of distinguishing the platform,” said Bob Baltimore, a managing director in Harris Williams & Co.’s Business Services Group.
“Pinnacle’s state-of-the-art platform is one of the best in the industry and partnering with Capstone will allow the company to expand on the growth it has shown over the past few years,” said Ryan Nelson, a managing director at Harris Williams & Co.
Pinnacle, headquartered in Chino Hills, California, is one of the largest independent value-added workforce logistics providers in the United States, handling 1.4 billion cases and over one million loads per year across its network of over 90 client-operated locations. Pinnacle enables its clients to gain efficiencies, increase productivity and create value.
Fenway is a middle market private equity firm based in New York. With significant knowledge and success investing in the branded consumer product and specialty distribution industries, Fenway has built a strong reputation for its hands-on approach to supporting portfolio companies since 1994.
Capstone was formed in 2011 following the merger of LMS Intellibound and Progressive Logistics Services. Today, Capstone is the leading provider of outsourced supply chain solutions to grocery, foodservice, retail and automotive industries and offers a full suite of mission-critical services that optimize productivity, reduce costs and enable its partners to outsource non-core, labor intensive functions. Capstone is headquartered in Peachtree Corners, Georgia.
The Jordan Company, founded in 1982, is a middle market private equity firm that manages funds with original capital commitments in excess of $8 billion and a 32-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for more than 20 years, and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.