STG Logistics, a leading provider of containerized logistics services, announced the completion of a $300 million debt and equity financing package. This funding, which is backed by STG’s existing lenders and equity sponsors, will provide the company with significant capital to fuel its ongoing expansion and strategic growth initiatives.
This new funding round will enable STG to continue investing in innovative solutions, expand its service offerings, and enhance operational efficiency as it advances its mission of delivering best-in-class logistics services across the country.
STG is a leading 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. And 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.
KEY QUOTES:
“The strong commitment from our shareholders and financial partners not only reinforces confidence in STG’s long-term strategic vision, but also strengthens our position to navigate the current freight market challenges. We are grateful for the continued support from our stakeholders and look forward to leveraging this capital to drive both organic and inorganic growth in the years ahead.”
-Paul Svindland, Chief Executive Officer
