New York - October 2016 - Tailwind Capital, a leading middle market private equity firm investing in growth-oriented companies in targeted sectors within healthcare, business and industrial services, announced the acquisition of MetroGistics. MetroGistics is a technology-enabled provider of non-asset-based third-party logistics serving both OEM and remarketed automotive customers.
Founded in 2010, MetroGistics provides customized and technologically advanced automotive logistics services across all aspects of the business, from load matching to delivery. The company accesses a network of almost 3,400 third-party carriers, providing a nationwide reach and allowing the company to service a wide variety of both OEM and remarketed automotive customers.
Jeff Calhoun, partner at Tailwind, commented, "We are excited to partner with the MetroGistics management team. The team brings extensive logistics industry experience and an impressive track record of driving growth. We look forward to building on their success."
For more information about MetroGistics visit http://www.metrogistics.com/.
About Tailwind Capital:
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since inception, Tailwind has managed funds with $2 billion of committed equity capital, having invested in 34 portfolio companies and 52 add-on acquisitions.