1st Choice Delivery Acquired Controlling Stake in 4SameDay
BG Strategic Advisors Announces that 1st Choice Delivery Acquired Controlling Stake in 4SameDay
West Palm Beach, FL – November 8, 2017 – BG Strategic Advisors (“BGSA”) is pleased to announce that 4SameDay (or the “Company”) has sold a controlling stake to 1st Choice Delivery (“1st Choice”), a portfolio company of the private equity firm Northern Pacific Group (“NPG”).
Founded in 1995, 4SameDay is a premier provider of comprehensive same-day logistics solutions for time-sensitive shipments in the pharmaceutical, long-term care, entertainment, financial, print, advertising and media industries. The Company utilizes an asset-light operating model and proprietary technology to provide scheduled, routed and on demand deliveries and a full suite of value added services. 4SameDay maintains strong partnerships with its customers by generating meaningful cost savings through effective supply chain management and integrated, on-site customer service and dispatching capabilities. The Company focuses on traceability and certainty of arrival, ensuring prompt delivery of time-sensitive products.
Founders Eric Reese and Chris Carey will remain with 4SameDay and 1st Choice post close and will play important leadership, sales and business development roles.
BG Strategic Advisors, LLC acted as financial advisor and Greenberg Traurig acted as legal advisor to 4SameDay.
About 1st Choice Delivery
1st Choice Delivery is a Midwest-based, full service delivery and logistics company. 1st Choice focuses on serving the “last mile” and provides logistics services to more than 1,000 customers each day. Customers are served through a suite of logistics services including, parcel delivery, LTL delivery, on-demand delivery, inventory storage and FTL inventory repositioning.
About Northern Pacific Group
Northern Pacific Group is a private equity investment firm based in Wayzata, MN. NPG focuses on investing in lower middle market companies with attractive cash flow characteristics and strong organic growth and / or actionable acquisition strategies. NPG seeks to invest in companies where existing management and shareholders share the firm’s partnership values.
About 4SameDay
Headquartered in El Segundo, CA, 4SameDay provides same-day logistics solutions for time sensitive shipments in the pharmaceutical, long-term care, entertainment, financial, print, advertising and media industries. The Company utilizes proprietary technology and routing software to optimize customers’ supply chains, ensuring timely deliveries and efficient costs.
About BG Strategic Advisors
BGSA is the leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value. BGSA has completed several well-known supply chain deals, including the sales of Converge to Arrow Electronics, Dixie Warehouse Services and Wilpak to Jacobson Companies, the PWC Logistics acquisitions of Trans-Link and Transoceanic, the Churchill sale to BirdDog, the Raytrans sale to Echo Global, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others.
For more information, or to explore a sale, merger, acquisition, capital raise, or other strategic initiative for your company, please contact Managing Director Benjamin Gordon at (561) 932-1601, email Ben@bgsa.com, or visit www.BGSA.com.
BGSA provides investment banking services through BG Strategic Advisors LLC, a registered broker-dealer and member of FINRA and the SIPC.
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