Ridgemont Equity Partners, a buyout and growth equity investor, has led the recapitalization of eShipping. eShipping is a tech-enabled, non-asset based provider of managed transportation logistics services to mid-sized shippers.
eShipping offers a full suite of outsourced logistics services which include freight optimization and management, truckload brokerage, international air and ocean services, warehousing and more. The firm leverages its proprietary management system, eShipManager, to reduce costs, decrease supply chain complications and provide real-time freight visibility.
“Ridgemont is a very experienced logistics investor and has earned a great reputation as a collaborative partner with management teams,” said Chad Earwood, founder and CEO of eShipping. “This transaction with Ridgemont brings new capital, fresh perspectives and growth-oriented initiatives to our business and we have many exciting opportunities ahead.”
Financing for the transaction was provided by Crescent Direct Lending and Barings. Alston & Bird and Harris Williams served as legal advisor and financial advisor to Ridgemont, respectively. Stifel served as financial advisor to eShipping.