Frontenac, a Chicago-based private equity firm, has recapitalized Zipline Logistics, a third-party logistics provider, aiming to expand organic growth initiatives and pursue strategic acquisitions.
According to Zipline Logistics, it is the only technology-enabled third-party logistics services provider in North America focusing on the consumer-packaged goods sector. With the partnership, Zipline aims to use Frontenac’s executive-led investing approach in its next phase of growth. The management team will remain with Zipline following the transaction and maintain a significant ownership in the company.
“Zipline fits nicely with our vision of building a specialized 3PL with a differentiated technology platform and value proposition,” says Joe Rondinelli, principal at Frontenac. “We’re thrilled to be partnering with Zipline. They are a growth-focused team that, combined with their proprietary technology platform, KanoPI, and deep brand and retail operational expertise, allows them to effectively manage the supply chain for their customers.”
Greenberg Traurig LLP served as legal counsel to Zipline Logistics. Winston & Strawn LLP served as legal counsel to Frontenac.