04/08/2021 | Announcement
Ironwood Capital Exits Third-Party Logistics Firm DSI Logistics LLC
AVON, CONNECTICUT, April 8, 2021 – Ironwood Capital is pleased to announce an exit from its debt and minority equity investment in DSI Logistics LLC (“DSI”), which was sold to Pilot Freight Services. DSI Logistics is a non-asset based third-party logistics firm that specializes in “white glove” home delivery and installation of large, non-conveyable goods such as furniture, appliances and electronics. DSI provides its final mile logistics solution to retailers and manufacturers through a network of independent haulers.
“Since our 2019 investment in the company, the DSI management team has done an excellent job serving its existing client base, which includes some of the largest retailers in America. They have concurrently expanded into 15 new states and markets,” noted Ironwood Capital Partner Roger Roche. “We are proud to have been a part of the company’s growth.”
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Its debt-oriented, national platform has invested more than $900 million in over 95 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $8 million to $25 million. Ironwood’s investments support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit: https://ironwoodcap.com.
About DSI Logistics LLC
The DSI Logistics Total Solution is a comprehensive, customized solution to improve, coordinate and manage customer deliveries for retail clients. Our mission is to provide a professional, safe and successful delivery experience every time to every customer. DSI is committed to doing “Whatever It Takes” to deliver on this promise. For more information, please visit: https://www.dsi-logistics.com/
Contacts:
Carolyn C. Galiette
Partner, President
Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com
Kathy Butler
Director of Marketing
And Communications
(860) 409-2117
butler@ironwoodcap.com
