BeavEx Incorporated has secured a growth equity investment from Eos Partners and its affiliates, a New York based private investment partnership with approximately USD1.6 billion of capital under management. The equity investment will enable BeavEx to significantly accelerate its business expansion activities. The company’s management team will continue to own a significant portion of the company.
This investment will be used to provide funding for BeavEx growth initiatives ranging from acquisitions to organic growth opportunities with existing and new customers.
"Since its inception, BeavEx has become a leader in the local same-day, mission critical transportation services industry. Our success as a company is based on strong working relationships with our customers. We see a future of even stronger partnerships with our customers as we continue to offer more services and broaden our geographic network and market density," says Mark Tuchmann, Chief Executive Officer of BeavEx.
The terms of the investment have not been disclosed.
