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Rotunda Capital Invests in Amware Logistics Services
Date: 
Wednesday, May 28, 2014

Rotunda Capital Partners (Rotunda Capital), a lower-middle-market private equity investment firm, has acquired a majority stake in Amware Logistics Services (Amware), a premier provider of value-added, quality-driven, third-party warehousing and fulfillment solutions. The financial terms of the investment were not disclosed.

“Amware has built a unique and successful third-party operations platform that provides premium value-added services for business to consumer and business to business warehousing and fulfillment customers”

“Amware has built a unique and successful third-party operations platform that provides premium value-added services for business to consumer and business to business warehousing and fulfillment customers,” said Corey Whisner, a partner at Rotunda. “We look forward to working with the management team to support the continued evolution of the company by increasing its growth through organic platform expansion and strategic acquisitions.”

Amware’s president, Vincent Gulisano, will become CEO of the company, and Rotunda Capital operating executive, John McAlpin, will become chief operating officer. McAlpin brings 30 years of experience in logistics management, having previously served as senior vice president of BNSF Logistics and vice president of operations of Newgistics. Mark Wilhelm and Jim Smith, Amware’s co-owners, will retain a meaningful ownership stake in the company and serve on the board of directors to provide strategic direction to the company. Ray Greer, a highly experienced logistics executive, has agreed to join Amware’s board of directors. Greer is currently the President of BNSF Logistics and was formerly the CEO of Greatwide Logistics Services and Newgistics and serves on the board of Industrial REIT and DCT Industrial Trust Inc.

“Rotunda is an ideal partner for Amware, given the firm’s deep knowledge of logistics and distribution industries, its extensive operating executive network, and its successful history of growing businesses,” said Gulisano. “Rotunda Capital will enable Amware to continue executing our expansion plans by increasing our sales force, selectively adding new locations and investing growth capital in the existing network of locations.”

John Fruehwirth, managing partner at Rotunda Capital, added, “We are thrilled to work with the management team to build on Amware’s deep relationships with existing clients and expand its fulfillment services for growing e-commerce and direct sales customers.”