Nonantum Capital Partners Announces Investment in RoadOne IntermodaLogistics
BOSTON--(BUSINESS WIRE)--Nonantum Capital Partners, a middle-market private equity firm focused on investing in family and founder-led businesses, corporate carve-outs, and complex situations, today announced that it is partnering with founders Ken Kellaway and David McLaughlin to recapitalize RoadOne IntermodaLogistics, the leading asset-light, independent intermodal drayage provider in North America.
With a network of 60 locations from coast-to-coast and the combined capacity of 1,500 drivers and owner-operators, RoadOne is the largest independent intermodal trucking service provider in North America. Intermodal transportation involves moving freight in shipping containers using more than one mode of transportation (steamship, rail, and truck). RoadOne connects shippers goods to and from ports, railroads, and distribution centers, including at every major port in the United States.
As supply chains evolve to meet the needs of e-commerce customers, shippers are increasingly looking for a transportation partner who can support their needs from coast-to-coast, said Jon Biotti, Managing Partner of Nonantum. Ken and David have built a platform both organically and through acquisition that has propelled RoadOne to become an industry leader in a fragmented market. The company is well-positioned for future growth based on their national footprint, best-in-class customer service, and long-term customer relationships. We are proud to add RoadOne to the Nonantum family.
As part of the ....