SP Express

has divested

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to

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ABOUT THE COMPANY:

Integrated Distribution and Logistics Direct, LLC (dba SP Express), a third-party logistics provider, sought to divest TMP Direct, LLC, a value-add customer contact center. TMP Direct assists clients with acquiring and retaining customers through its fully integrated solutions.

SITUATION:

SP Express is jointly owned by management and Cadre Partners, a management advisory and investment firm based in Arizona. Management completed a strategic assessment in the summer of 2016 and decided to divest the non-core business and focus solely on its core e-commerce and third-party logistics offerings.

ENGAGEMENT:

G2 was engaged by SP Express to run a targeted, highly involved sales process to a select set of strategic and financial buyers. G2 worked closely with TMP Direct’s existing management team, SP Express, and prospective buyers to structure and execute the carve-out transaction in an efficient and expedited manner.

OUTCOME:

The transaction was successfully consummated through a sale to Vertex Altruist Group Co., a leading privately held Business Process Outsourcing, Customer Management Outsourcing and IT Services company based in India, with over 12,000 employees and 12 office locations.

DEAL TEAM:

SUB-SECTOR

eCommerce

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