Merger of Software Solution Providers Positions Logistyx Technologies as Leading Global Multi-Carrier Shipping Software Platform
OLD GREENWICH, CT, June 1, 2017 - Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced the formation of Logistyx Technologies, a new global logistics software platform.
KCO partnered with Kevin V. Cox, former CEO of Agile Network, and McLarty Capital Partners to create Logistyx through the merger of a coalition of software solution providers who have succeeded in this market, each bringing key complementary attributes: Advanced Distribution Solutions, Inc. (ADSI), Agile Network (Agile) and Pantechnik International (Pantechnik). Logistyx serves companies that ship to consumers and businesses across North America, Europe, the Middle East and Asia-Pacific, primarily in the area of parcel but also LTL and other freight.
Gerry DeBiasi, a KCO Partner, stated, "KCO has particular expertise in the simultaneous acquisition of multiple complementary companies in order to create a new value proposition for the marketplace, as we have done with Logistyx. We started working with Kevin over a year ago to develop a go-forward strategy, identify the leading companies for the initial platform, and implement day-one the company's growth plan in order to build the leading global player in the multi-carrier shipping software space. With the help of KCO human capital partner James Benedict, we also recruited top management and board talent to complement Kevin and the platform company principals. We look forward to working with our existing customer base, as well as new customers, to significantly reduce shipping costs, make better shipping decisions with more flexibility and visibility, and synchronize processes across multiple shipping locations."
Mr. DeBiasi added that Logistyx plans to invest further in its technology and to identify strategic add-on acquisitions that will supplement existing services.
"Shipping industry dynamics are changing dramatically, driven by the growth of e-commerce and the trend toward distributed warehousing (and eventually manufacturing)," said Kevin V. Cox, CEO of Logistyx Technologies. "The businesses we merged together were very successful on their own, but coming together to form Logistyx allows them to offer customers so much more. Logistyx has now hit the ground running, instantly able to better serve its customers with the software, services, and analytics to enable transportation choice for customers and more visibility to timely information."
Based in Tulsa, OK, Logistyx has its primary U.S. offices in Chicago, Philadelphia and San Diego and international offices in London, Amsterdam and Singapore. Logistyx customers include many of the leading companies in the retail & e-commerce, pharma & healthcare, financial services, manufacturing, and technology sectors.
Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT. KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment. Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time. KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions. The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments. For more information, visit www.kiddcompany.com.