Rotunda Capital Takes Majority Stake in Amware Logistics Services

Press Release | May 28, 2014 | Dow Jones & Company, Inc.

Rotunda Capital Partners acquired a majority stake in Amware Logistics Services Inc., a third-party provider of warehousing, transportation and other logistics-related services, according to a news release.

The firm acquired a stake of more than 75% in Anware, said a person familiar with the deal. As part of the deal, $23 million in financing was provided by Fifth Third Bank and Avante Mezzanine, the person said.

Other financial terms weren't disclosed.

Rotunda Capital typically invests debt and equity in businesses with enterprise values of $5 million to $100 million in the financial, business, government and insurance services as well as the manufacturing, logistics and distribution, and retail and consumer industries.

Earlier this year, the Bethesda, Md., firm also invested an undisclosed sum in Discount Ramps LLC, an online retailer of loading, hauling and transportation products. Rotunda Capital invests the capital of its principals, and up to 150 family offices, high-net-worth individuals and other investors on a deal-by-deal basis.

Amware has nine warehouse and public facilities, three of which are based in Georgia, and one in Toronto. The rest are spread out on the East coast and in the South.

The Eagle, Colo., company is a warehouse and distribution partner to the auto aftermarket, hazardous and nonhazardous chemicals, food grade products, industrial and construction materials, lumber, pulp and paper, as well as retail and consumer goods sectors.