Tag Archives: last mile fulfillment

Capstone Logistics Announces Acquisition of Last Mile Distribution Provider Rapid Response Delivery

PEACHTREE CORNERS, Ga. /ScoopCloud/ -- Capstone Logistics, LLC ("Capstone" or the "Company"), a leader in end-to-end supply chain solutions, announces the acquisition of Rapid Response Delivery ("Rapid Response"). Rapid Response is a Maryland-based company that has been in business for over twenty years, providing final-mile delivery services throughout the mid-Atlantic region.

"The acquisition of Rapid Response continues the expansion of Capstone's service offerings and customer base, particularly within the last mile delivery market," said Steve Taylor, Chief Executive Officer of Capstone. "This strategic move reinforces Capstone's position as a leading logistics provider, offering a full range of warehousing services, last mile delivery solutions, and transportation management."

"We are excited to partner with the team at Rapid Response. Their operational execution, extensive service capabilities, and geographic reach perfectly complement our existing business, providing greater options and opportunities for our partners."

Capstone is owned by affiliates of H.I.G. Capital ("H.I.G."), TJC, L.P. ("TJC"), and Capstone's management team.

About Capstone Logistics

Headquartered in Peachtree Corners, Georgia, Capstone Logistics is a leading third-party logistics company. It provides a comprehensive suite of warehouse, last-mile distribution services, and freight management across the United States and Canada. Capstone partners with some of the world's most-recognized brands throughout a variety of industries, including retail, grocery, automotive, food manufacturing, home improvement, healthcare, and more.

To learn more about Capstone, visit https://www.capstonelogistics.com/.

About Rapid Response

Rapid Response is a Maryland-based transportation and delivery company providing a range of last mile solutions, such as medical/pharmaceutical delivery, postal distribution, e-commerce small parcel delivery, pool distribution, and cross dock services. Founded in 1999, Rapid Response proudly serves a variety of customers across Maryland, New Jersey, Pennsylvania, Delaware, Virginia, and Washington D.C.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $55 billion of equity capital under management.* Based in Miami, Florida and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

2. H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide with combined sales in excess of $52 billion.

For more information, please refer to the H.I.G. website at https://higcapital.com/.

About TJC

TJC, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $19.0 billion since 1987 and has a 41-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Logistics & Supply Chain; Diversified Industrials; Healthcare & Consumer; Technology, Telecom & Power; and Tactical Opportunities. The senior investment team has been investing together for over 20 years and has completed more than 150 platform investments and 500 add-on acquisitions. The investment team is supported by the Operations Management Group, which was established in 1988 to initiate and drive operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago, Stamford and Miami.

For more information, please visit TJC's website at https://www.tjclp.com/.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Capstone Logistics, LLC ("Capstone" or the "Company"), a leader in end-to-end supply chain solutions, announces the acquisition of Rapid Response Delivery ("Rapid Response"). Rapid Response is a Maryland-based company that has been in business for over twenty years, providing final-mile delivery services throughout the mid-Atlantic region.

Related link: https://www.capstonelogistics.com/

CUB Works with Capstone Logistics on Last Mile Grocery Delivery

PEACHTREE CORNERS, Ga. /ScoopCloud/ -- CUB and Capstone Logistics are collaborating to bring grocery and liquor deliveries to Minnesota residents. Capstone is currently deploying 300 independent contractors to 80 grocery stores and 27 wine and liquor stores.

CUB selected Capstone because of its cost-saving delivery model, powered by its proprietary MileZero platform. The technology optimizes route planning and synchronizes deliveries to multiple store customers, creating efficiencies and reducing costs. Delivery information is shared in real-time with the consumer and CUB through a white-labeled app.

"Today's consumer is busier than ever, and they shouldn't be treated differently if they can't find time to purchase their groceries physically in one of our stores. Our new online grocery pickup and delivery experience allows us to better deliver on our My CUB, My Way promise, giving customers who shop at CUB access to the same benefits and experience whether they prefer shopping in our stores or online through curbside pickup or home delivery," said Chad Bersie, director of e-commerce at CUB.

"Our grocery delivery solution provides the technology and logistics execution retailers need to offer omnichannel fulfillment," said Jon Rydel, EVP of Capstone's Last Mile division. "As online grocery sales continue to skyrocket, improving service needs to be a priority; and with Capstone Last Mile, retailers can offer their own branded solution that improves the total customer experience."

About Capstone Logistics

Capstone Logistics is the leader in providing specialized, technology-enabled solutions for the most challenging supply chains. Powered by an interconnected platform, Capstone creates end-to-end efficiencies and cost-savings that help suppliers, distributors, and retailers exceed customer expectations. From performance-driven labor solutions to high-touch transportation and fulfillment, Capstone delivers the scale, accountability, and continuity that enables modern supply chains to compete in an ever-evolving environment.

To learn more, visit https://www.capstonelogistics.com/.

CUB and Capstone Logistics are collaborating to bring grocery and liquor deliveries to Minnesota residents. Capstone is currently deploying 300 independent contractors to 80 grocery stores and 27 wine and liquor stores.

Related link: https://www.capstonelogistics.com/

Priority Express Rebrands as Capstone Logistics to Meet Last Mile Demand During Pandemic

PEACHTREE CORNERS, Ga. /ScoopCloud/ -- Priority Express, a logistics company in the courier and last mile delivery industry, announced today that it is rebranding following its acquisition by Capstone Logistics. The company will now operate as Capstone Logistics' last mile fulfillment solution.

Founded in 1994, Priority Express has long-standing relationships with partners in the North-East and Mid-Atlantic regions. In 2019, Capstone acquired the company to expand upon its existing last mile capabilities. As COVID-19 continues to impact consumer behavior, Capstone's now fully integrated solution aims to help partners meet their customers' evolving expectations and increased demand.

"Integration with Capstone's warehousing and transportation divisions enables us to rapidly expand our services and geographic footprint," said Jon Rydel, President of Capstone's last mile division. "Looking ahead, our focus is on leveraging this interconnected entity and our operational expertise to accelerate growth within the last mile sector."

Capstone's last mile services include:

* Expedited freight/distribution and reverse logistics at cross-docking facilities for pick-up and delivery of shipments requiring consolidation, repackaging, and/or sorting

* Scheduled, same-day, and next-day delivery for partners requiring fast, secure, and time critical shipments of highly sensitive items

* On-demand or STAT medical delivery which ensures dependable delivery service 24/7/365, exceeding competitor's on-time performance

Capstone has the ability to plug into and automate any segment of customers' networks. A proprietary logistics platform and mobile tracking app provide data-driven visibility, control, and workforce management for all parties within a network. Additionally, strategically placed cross dock facilities and an operational management system create cost efficiencies and reduce transit times.

"Having a reliable, direct-to-customer delivery solution has never been more critical," said Steve Taylor, CEO of Capstone Logistics. "Especially given recent challenges in the supply chain, our partners must navigate heightened customer expectations. They need to know that their products will reach the destination on time, every time. Our last mile solution gives customers complete visibility and control, providing them the assurance they need during these challenging times."

About Capstone Logistics

Capstone Logistics is the leader in providing specialized, technology-enabled solutions for the most challenging supply chains. Powered by an interconnected platform, Capstone creates end-to-end efficiencies and cost-savings that help suppliers, distributers, and retailers exceed customer expectations. From performance-driven labor solutions to high-touch transportation and fulfillment, Capstone delivers the scale, accountability, and continuity that enables modern supply chains to compete in an ever-evolving environment.

For more information, visit: https://www.capstonelogistics.com/

Priority Express, a logistics company in the courier and last mile delivery industry, announced today that it is rebranding following its acquisition by Capstone Logistics. The company will now operate as Capstone Logistics' last mile fulfillment solution.

Related link: https://www.capstonelogistics.com/