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.
“The acquisition of Radius Logistics represents a significant addition to the fast-growing Sunset Pacific platform, bringing together two operationally-strong companies and expanding their geographic footprint to include two of North America’s major logistics hubs,” says Brian Boorstein, Co-founding Partner of Granite Creek. “In particular, the acquisition of Radius Global Solutions will provide Sunset Pacific with a strong footprint in Canada.”
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.
With Sunset Pacific and Radius Logistics coming together, Red Arts will oversee both subsidiaries and facilitate bringing the company’s suite of capabilities to its broad customer base across North America.
“This combination creates a unique integrated warehousing and logistics platform capable of serving a comprehensive set of customers with an expansive array of supply chain services to meet their global supply chain needs,” says Chad Strader, Co-Founder and Co-CEO of Red Arts Capital. “By consolidating freight in our Southern California and Vancouver locations in conjunction with our ability to coordinate and offer trucking, rail, and air transportation under one roof, we can deliver a customised, cost-effective service that spans the US and Canada. This marks our first step in augmenting our service offerings, and we will look to add additional ones through other acquisitions.”
