GREENWICH, CT December 12, 2013 — Littlejohn & Co has completed a significant equity investment in Newgistics, a provider of e-commerce solutions and services for brands and retailers. Newgistics will continue to operate as an independent entity, and the executive and management team will remain in place.
PRESS RELEASE
Private investment firm Littlejohn & Co. today announced that it has completed a significant equity investment in Newgistics, a provider of e-commerce solutions and services for leading brands and retailers.
Newgistics will continue to operate as an independent entity, and the executive and management team will remain in place. The transaction reinforces Newgistics’ long-term commitment to provide world-class, end-to-end e-commerce solutions to their customers.
“Strong growth in online consumer purchases has made outsourced providers of logistics services a key component of the shopping experience, and Newgistics is a leader in this growing category,” said Edmund J. Feeley, Managing Director at Littlejohn. “With its strong technology platform, customer service, and management team in place, we look forward to partnering with them to grow this platform investment.”
“The investment by Littlejohn & Co. aligns with Newgistics’ long-term corporate strategy and plans for continued growth,” said Bill Razzouk, Chairman and CEO of Newgistics. “It’s a win-win for both Newgistics and our customers.”
