Morgenthaler Private Equity (MPE) has sold Satellite Logistics Group (SLG), a provider of reverse beverage logistics and supply chain management solutions, to JF Hillebrand Group.
SLG is an asset-light provider of reverse logistics solutions and related services to the beer and beverage industry. Its supply chain solutions include Kegspediter keg management, LogiTrax freight management and EcoBev beverage disposal services.
Headquartered in Houston, Texas, SLG manages two company-leased and nine third-party-operated distribution and consolidation centres near major ports and transportation hubs throughout the US.
Terms of the transaction have not been disclosed.
Kevin Brady, chief executive of SLG, says: "Satellite Logistics Group will strengthen and expand JF Hillebrand's beverage logistics capabilities in North America, especially in the beer category. We look forward to leveraging JF Hillebrand's logistics expertise and global presence to continue to grow our business domestically and internationally. With 48 offices and representation in 83 countries around the world, JF Hillebrand is the ideal future partner for SLG as we continue to deliver exceptional solutions for our customers. I personally want to thank MPE for its remarkable partnership and strategic advice as we collectively leveraged our market leadership to create additional value and services for our clients."
MPE originally acquired SLG in June 2010.
Peter Taft, partner at MPE, says: "In partnership with management, we implemented many growth and operational improvement initiatives, including increasing penetration in the craft and Mexican import segments, building a stronger sales capability, accelerating new service line introductions, further extending Satellite's technology leadership, and adding to the strength of the management team."
Baker Hostetler served as legal advisor and William Blair & Company served as financial advisor to MPE.
