CLIENT
Veeco Holdings, LLC (“Veeco” or the “Company”) is a complete “port-to-door” logistics services company, providing end-to-end omni-channel supply chain solutions including transportation, deconsolidation, e-commerce fulfillment, distribution, warehousing, and brokerage services. The Company operates in three divisions Veeco Services, Crest CFS, and Sundance Logistics. Veeco was founded in 1968 and operates out of North Bergen, New Jersey. Veeco was a portfolio company of Lineage Capital, a Boston based private equity firm.

SITUATION
Lineage Capital and Veeco’s founder and CEO, Michael Arciero, sought a recapitalization of the business with a growth oriented partner. Given new growth prospects, Veeco sought a partner to support continued investment in the business and who had direct experience in transportation and logistics.

ENGAGEMENT
G2 served as the exclusive financial advisor to Veeco, responsible for running a targeted, hands-on sale process. Bill McKinley of Lineage Capital explained, “G2’s knowledge of Veeco’s market and operations was a key differentiator in facilitating the sale of the business.”

OUTCOME
The transaction was successfully executed through a sale to a strategic buyer whose operating approach and direct experience in the logistics space were key differentiators.

“We are pleased to see Veeco find a partner for its next phase of growth. Management has a great opportunity to build upon the Company’s strong reputation in the marketplace and unique service offering,” said G2 Managing Director, Ron Lentz, who leads G2’s Transportation and Logistics practice.