STG Logistics, a Chicago, IL-based provider of containerized logistics services, closed a $300m debt and equity financing package.
This financing, backed by existing lenders and equity sponsors, will provide the company with capital to accelerate its ongoing expansion and strategic growth initiatives.
The company intends to use the funds to continue investing in innovative solutions, expand its service offerings, and enhance operational efficiency.
Led by Paul Svindland, Chief Executive Officer, STG is a national containerized logistics services provider including asset-based intermodal transportation, marine and rail drayage, warehousing and transloading services and over the road FTL and LTL services. With over 35 years of experience in domestic logistics, STG has access to every major rail ramp and port in the country. STG is a portfolio company of Wind Point Partners, Duration Capital Partners and Oaktree Capital Management.
FinSMEs
04/10/2024