Flash Global

a portfolio company of

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ABOUT THE COMPANY:

Flash Global Logistics, LLC (“Flash” or the “Company”) is a leading provider of service logistics and global trade for mission-critical spare parts. The Company is headquartered in Parsippany, New Jersey, with a robust global network that enables same-day and next-day deliveries of aftermarket spare parts in 140+ countries across five continents. Flash is a trusted partner to Fortune 500 and emerging technology companies with complex, multi-national supply chains to serve a global installed base with reliable meet stringent service level requirements.

SITUATION:

Flash was majority owned by investment funds managed by Pinebridge Investments and Graycliff Partners. Flash has deepened its service capabilities throughout the hold period, expanded its global footprint, drove operational efficiencies, and generated significant earnings growth. The stakeholders sought to find a new partner to recapitalize the business and allow Pinebridge and Graycliff to realize their investments.

ENGAGEMENT:

G2 Capital Advisors, LLC (“G2”) was engaged by Flash as the exclusive sell-side advisor to lead a highly targeted and efficient sale process focused on identifying a partner to recapitalize the business.

OUTCOME:

The transaction was successfully executed on December 13, 2022, through a majority recapitalization of Flash by Comvest Partners (“Comvest”). Flash will add to several platform investments that Comvest has made in the Transportation & Logistics and Managed Services segments. Sam Mikles, Chief Executive Officer of Flash, said, “We have spent the last ten years repositioning the business to serve our clients across the globe better. We hired G2 on the premise that they would partner with my team across the full sale process to maximize shareholder value. They delivered on all of their promises and navigated through a dynamic M&A market with hands-on leadership and expertise that was vital to the successful outcome. We are excited about the growth prospects of Flash’s next chapter with our partnership with Comvest.” “Flash is a unique global operation with a highly strategic value proposition serving a premium customer base. It was a pleasure and honor partnering with this management team, who have worked tirelessly through an evolving market environment that included generating tremendous growth through COVID. We believe combining this management team with Comvest’s unique perspective will drive significant future value to its customer base. We wish the new partnership tremendous success,” said Christopher Casteleyn, G2 Managing Director of Transportation and Logistics.

DEAL TEAM:

SUB-SECTOR

Service Logistics

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