CPE Media News – pcJournal (6/25/2018) – Fulcrum Capital Partners, through Fulcrum Capital Partners Fund V, has acquired National Logistics Services. Financial terms were not disclosed.
Mississauga, Ontario based National Logistics Services (NLS) is a leader in Canadian third-party logistics for the apparel, footwear and action wear markets in North America.
NLS investment marks the ninth platform investment made from Fund V which closed in July 2015 with $344 million in committed capital.
photo credit: NLS
News Release
Fulcrum Capital Partners Acquires National Logistics Services
Fund V
June 25, 2018
Fulcrum Capital Partners (“Fulcrum”), a private equity firm focused on the Canadian middle market, announces the acquisition of National Logistics Services (“NLS”). NLS is a leader in Canadian third-party logistics for the apparel, footwear and action wear markets in North America. NLS has experienced strong growth over the last decade, with over 50 years of continuously evolving retail logistics expertise, a deep understanding of the fashion logistics industry, and best in class e-commerce enabled systems and software.
“We are very excited to partner with Fulcrum through its investment in NLS,” said Terry Vukosa, President of NLS. “The foundation of our success is a culture that values relationships and people, as well as disciplined business principles, and we have found these same characteristics in our partnership with Fulcrum. We look forward to working alongside Fulcrum as NLS continues to evolve to maintain its status as the top choice for logistics services in Canada”.
Lindsay Wilson, a Partner at Fulcrum, said, “We are thrilled to invest in NLS. The company’s growth and innovation are built on a team-based culture which has attracted top talent in the industry. Fulcrum is committed to supporting the current management team and growth of the business as NLS continues to be the leading provider of sophisticated retail distribution within Canada.”
The investment was made by Fulcrum Capital’s Private Equity Fund V and marks the ninth platform investment made from Fund V, which closed in July 2015.