Imperative Logistics Group announced that it has divested Masterpiece International, its Fine Arts & Entertainment specialty services subsidiary, to Maxwell Street Capital Partners in partnership with Boxart.
The transaction is part of Imperative’s strategy to sharpen its focus on mission-critical, high-touch, high-value, and white-glove logistics services.
Imperative said the divestiture will allow the company to concentrate on specialized supply chain solutions for shippers across healthcare, aviation, aerospace, specialty automotive, technology, advanced manufacturing, and other end markets.
The company plans to continue expanding through organic growth, new high-value services, and strategic acquisitions aligned with this focus.
Masterpiece International will now operate under new ownership focused on the fine arts industry. Imperative said the move provides Masterpiece with an opportunity to grow within an organization dedicated to that sector.
Imperative Logistics Group is a diversified supply chain company offering premium logistics services, including expedited services, cross-border solutions, global forwarding, and mission-critical logistics.
Maxwell Street Capital Partners invests in transportation, logistics, supply chain, and route-based services businesses. The firm partners with families, founders, and management teams to help scale businesses.
KEY QUOTES:
“Imperative Logistics has a unique set of service competencies, all designed to support complex requirements for specialized manufacturing logistics, complex trade compliance, and finished goods, with white glove delivery capabilities. We are laser-focused on solving problems that customers in this type of business ecosystem face. We will continue to grow organically, through the introduction of new high value services, and through strategic acquisitions.”
“We are proud of what the Masterpiece team has accomplished and believe its new home provides an exceptional opportunity for the business to thrive within an organization dedicated exclusively to the fine arts industry. We wish the Masterpiece team the very best in their exciting future.”
Dante Fornari, Chief Executive Officer of Imperative Logistics Group
