Maxwell Street Capital Partners Secures Funding through Lafayette Square for Port Jersey Logistics Expansion
In a strategic move aimed at enhancing the logistics landscape, Lafayette Square announced that it has partnered with Maxwell Street Capital Partners to provide a credit facility aimed at supporting Maxwell Street's recent investment in Port Jersey Logistics. Known for offering integrated temperature-controlled logistics solutions primarily catering to the food and beverage sector, Port Jersey stands ready to leverage this financial support for extensive growth opportunities.
Founded in 1954 and headquartered in Cranbury, New Jersey, Port Jersey boasts an impressive portfolio of over 1.25 million square feet of warehouse space dedicated to temperature-controlled and ambient storage. With facilities situated near the major ports of New York/New Jersey and Savannah, Georgia, Port Jersey is well-positioned geographically to serve its diverse clientele efficiently. Their service suite is comprehensive, including not only dedicated and multi-client warehousing but also drayage, transportation, and value-added warehousing services. This sets them apart as a pivotal player in ensuring a seamless supply chain for food and beverage products.
Evan Harwood, Managing Partner at Maxwell Street, expressed enthusiasm regarding the partnership, noting, "Port Jersey's strategic operating locations, end-to-end suite of services, and strong ties with rapidly growing food and beverage brands present an exciting opportunity for expansion." He emphasized gratitude towards Lafayette Square for enabling this growth pathway.
Adding further insights, Jeff Ramella, CEO of Port Jersey, highlighted the critical timing for broader market engagement. He stated, "With the backing from both Maxwell Street and Lafayette Square, we can extend our comprehensive logistics solutions into more markets, building on our 70-year legacy of delivering exceptional value to our customers and creating more opportunities for our employees." This ambitious expansion is poised not only to maximize their existing operational capacity but also to meet the emerging needs within the food logistics framework.
Lafayette Square is not just providing capital; they actively participate in fortifying their portfolio companies through their Worker Solutions® program, which is designed to enhance job quality, retention, and productivity. The firm’s unique approach stems from its dedication to working-class dynamics, ensuring that growth benefits a broader employee base.
Judd Kohn, Managing Director at Lafayette Square, remarked, "Port Jersey's port-centric operational model presents a significant opportunity for future growth." He reiterated the firm's commitment to supporting the company through a combination of financial resources and managerial assistance, enabling Port Jersey to thrive as it embarks on this new phase of development.
Maxwell Street Capital Partners, with its roots in Chicago, primarily focuses on lower middle-market sectors, particularly in transportation and logistics. The firm seeks to enhance businesses by partnering with management teams and entrepreneurs who are looking for guidance and support to scale their operations. Their collaboration with Port Jersey reflects a commitment to fostering synergy that drives innovative solutions within the logistics domain.
In summary, the collaboration among Lafayette Square, Maxwell Street, and Port Jersey Logistics marks a significant milestone in the logistics space, promising enhanced services and capabilities while fostering an environment for sustained growth. As they chart their course for expansion, the logistics industry will undoubtedly be watching as these entities work together to redefine what's possible in the realm of temperature-controlled services and beyond. This partnership exemplifies a harmonious blend of financial savvy and operational excellence, aiming to create impactful changes that resonate across markets.
Founded in 1954 and headquartered in Cranbury, New Jersey, Port Jersey boasts an impressive portfolio of over 1.25 million square feet of warehouse space dedicated to temperature-controlled and ambient storage. With facilities situated near the major ports of New York/New Jersey and Savannah, Georgia, Port Jersey is well-positioned geographically to serve its diverse clientele efficiently. Their service suite is comprehensive, including not only dedicated and multi-client warehousing but also drayage, transportation, and value-added warehousing services. This sets them apart as a pivotal player in ensuring a seamless supply chain for food and beverage products.
Evan Harwood, Managing Partner at Maxwell Street, expressed enthusiasm regarding the partnership, noting, "Port Jersey's strategic operating locations, end-to-end suite of services, and strong ties with rapidly growing food and beverage brands present an exciting opportunity for expansion." He emphasized gratitude towards Lafayette Square for enabling this growth pathway.
Adding further insights, Jeff Ramella, CEO of Port Jersey, highlighted the critical timing for broader market engagement. He stated, "With the backing from both Maxwell Street and Lafayette Square, we can extend our comprehensive logistics solutions into more markets, building on our 70-year legacy of delivering exceptional value to our customers and creating more opportunities for our employees." This ambitious expansion is poised not only to maximize their existing operational capacity but also to meet the emerging needs within the food logistics framework.
Lafayette Square is not just providing capital; they actively participate in fortifying their portfolio companies through their Worker Solutions® program, which is designed to enhance job quality, retention, and productivity. The firm’s unique approach stems from its dedication to working-class dynamics, ensuring that growth benefits a broader employee base.
Judd Kohn, Managing Director at Lafayette Square, remarked, "Port Jersey's port-centric operational model presents a significant opportunity for future growth." He reiterated the firm's commitment to supporting the company through a combination of financial resources and managerial assistance, enabling Port Jersey to thrive as it embarks on this new phase of development.
Maxwell Street Capital Partners, with its roots in Chicago, primarily focuses on lower middle-market sectors, particularly in transportation and logistics. The firm seeks to enhance businesses by partnering with management teams and entrepreneurs who are looking for guidance and support to scale their operations. Their collaboration with Port Jersey reflects a commitment to fostering synergy that drives innovative solutions within the logistics domain.
In summary, the collaboration among Lafayette Square, Maxwell Street, and Port Jersey Logistics marks a significant milestone in the logistics space, promising enhanced services and capabilities while fostering an environment for sustained growth. As they chart their course for expansion, the logistics industry will undoubtedly be watching as these entities work together to redefine what's possible in the realm of temperature-controlled services and beyond. This partnership exemplifies a harmonious blend of financial savvy and operational excellence, aiming to create impactful changes that resonate across markets.
Topics Business Technology）
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