Unishippers Global Logistics has been acquired by Ridgemont Equity Partners, a middle market buyout and growth equity investor. Unishippers provides third-party logistics services to small- and medium-sized businesses. Terms of the deal were not disclosed.
Unishippers offers small package and heavy freight services, including less than truckload, full truckload, and air freight through nearly 300 franchise locations and affiliates across the United States. The company partners with more than 30 regional and national shipping carriers, including UPS, YRC Freight, Estes, Saia, and UPS Freight. Unishippers was founded in 1987 and is headquartered in Salt Lake City.
“Our success in serving 50,000 small and medium-sized businesses has been driven by our incredible franchisees, first rate carrier partners and strong executive leadership,” Kevin Lathrop, president of Unishippers, said in a statement announcing the deal. “The recapitalization by Ridgemont will propel the company’s growth and ability to expand our current service offering and geographic footprint.”
“Logistics has been a core focus area for Ridgemont over the past several years and we’re very pleased to partner with the management team of Unishippers,” said Rob Edwards, partner at Ridgemont. “The company is well positioned for continued growth through utilization of its market-leading technology, strong national franchise network and strategic carrier relationships to provide the most attractive shipping options for small and medium-sized businesses.”