Woodlawn Partners, a Chicago-based private equity firm, has made an investment in SheerTrans Solutions LLC, a provider of third-party logistics and managed transportation services. Monroe Capital LLC partnered with Woodlawn Partners and Joe Egertson, Sheer founder, and made a debt and equity co-investment in Sheer for this transaction.

Headquartered in St. Louis, Mo., with offices in Florida, Georgia, Tennessee and Texas, Sheer looks to use the new capital and partnership to invest in its technology services, grow its salesforce and expand its product offering. Egerston will continue as CEO and retain a significant ownership stake in the business.

“Woodlawn and Monroe are experienced investors with a great reputation for truly partnering with management teams to help businesses accelerate growth,” says Egertson.  “The partnership brings new capital and perspectives that will serve as the catalyst for the next phase of growth at Sheer.”