Harris Williams & Co. Advises Port Logistics Group in its Sale to Endeavour Capital and Management
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Port Logistics Group (PLG), a leading provider of gateway logistics services, to Endeavour Capital. Harris Williams & Co. acted as the exclusive advisor to PLG, a portfolio company of Austin Ventures (AV). The transaction was led by Jason Bass, Frank Mountcastle, Joe Conner, Jeff Burkett and Jeff Kidd from Harris Williams & Co.’s Transportation & Logistics (T&L) Group.
“We are thrilled to have worked with the PLG and AV teams on this transaction,” said Jason Bass, a managing director and co-head of Harris Williams & Co.’s T&L group. “PLG is a clear leader in U.S. gateway logistics, a sector of the 3PL market that we believe has great promise for growth given international sourcing practices and the increasing velocity of supply chains in the retail industry.”
PLG, headquartered in Houston, TX, is the nation’s leading provider of gateway logistics services, including value-added warehousing and distribution, transloading and cross-docking, vendor consolidation and national transportation. With nearly five million square feet of warehouse space strategically located in and around major North American ports, the company provides the critical link between international transportation and the “last-mile” of the supply chain.
Headquartered in Austin, TX, AV has worked with talented entrepreneurs to build valuable companies for more than 30 years. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas and one of the most established in the nation. The firm invests in early stage and middle market companies and its strategy is to partner with talented executives and entrepreneurs to build industry-leading companies predominantly in Texas.
Harris Williams & Co.’s T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL); rail, intermodal; marine, airfreight; transportation equipment; and the automotive and heavy duty vehicle market. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group website.