Sunset Pacific Transportation, (Sunset Pacific), a portfolio company of private investment firm Granite Creek Capital Parters, has acquired Radius Global Solutions (Radius Logistics), a Canadian corporation.
Granite Creek partnered with supply chain and logistics expert Red Arts Capital and senior lender TCF Funding to acquire Sunset Pacific in September 2019. Sunset Pacific is an asset-light consolidator and logistics provider focused on the niche between less-than-truckload and truckload shipments, known as volume LTL. Operating out of its facility in Chino, CA, Sunset Pacific provides consolidation services and delivers nationwide directly to its customers.
British Columbia-based Radius Logistics is also an asset-light third-party logistics company that provides logistics services, including less-than-truckload transportation, cross-border consolidation, intermodal, specialty truckload and flatbed, and warehousing services throughout Canada and the United States.
Read more at: Private Equity Wire
