Gamut Capital Management (Gamut), a New York-based middle market private equity firm, in partnership with British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, has signed a definitive agreement to invest in PS Logistics.
As the largest and fastest-growing flatbed transportation and full-service logistics provider in the United States, PS Logistics employs a “Driver-First” culture to transport general flatbed commodities with a specialiaation in irregular route service in the continental United States.
“The combination of our exceptional team, with the resources we will gain through our relationship with Gamut and BCI, will enable PS Logistics to accelerate our growth while continuing to provide best-in-class services to our customers,” says Scott Smith, CEO of PS Logistics.
Stan Parker, Founding Partner of Gamut, says: “We are excited to partner with Scott and his seasoned management team to enhance their market leading platform and accelerate their growth trajectory. As the leading player in the large and fragmented flatbed trucking market, PS Logistics’ dedicated drivers, expansive freight network and young fleet are poised to continue delivering great value to both new and longstanding customers in search of comprehensive cross-country coverage and services.”
Read more/Source: Private Equity Wire
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