Nonantum Capital Partners https://nonantumcapital.com/ Where Experience Meets Opportunity Tue, 25 Mar 2025 19:01:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://nonantumcapital.com/wp-content/uploads/2018/05/cropped-icon-32x32.png Nonantum Capital Partners https://nonantumcapital.com/ 32 32 Nonantum Capital Partners Acquires MSI Express, a Leading Co-Manufacturing and Co-Packaging Services Company https://nonantumcapital.com/nonantum-capital-partners-acquires-msi-express-a-leading-co-manufacturing-and-co-packaging-services-company/ Wed, 26 Mar 2025 08:00:00 +0000 https://nonantumcapital.com/?p=8895 Private Equity Firm Seeks to Support Continued Growth and Expansion Boston, MA (March 26, 2025) — Nonantum Capital Partners (“Nonantum”), a middle-market private equity firm, today announced the acquisition of MSI Express (“MSI”). Founded in 2008, MSI is a contract manufacturing and packaging partner for leading food and beverage brands. The company has 15 locations […]

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Private Equity Firm Seeks to Support Continued Growth and Expansion

Boston, MA (March 26, 2025) Nonantum Capital Partners (“Nonantum”), a middle-market private equity firm, today announced the acquisition of MSI Express (“MSI”). Founded in 2008, MSI is a contract manufacturing and packaging partner for leading food and beverage brands. The company has 15 locations strategically located in six states and is one of the largest food co-manufacturers in the country.

Nonantum’s acquisition of MSI is consistent with the firm’s investment approach of backing experienced management teams in companies with strong growth potential and a strategic competitive advantage. Additionally, Nonantum has experience in the food packaging sector and a successful track record of acquiring, growing, and scaling businesses.

“From day one, we’ve been relentlessly dedicated to quality, innovation, and partnership—we’re committed to creative solutions and creating the most value possible for our clients,” said MSI co-founder and CEO Charles Weinberg. “We’re proud to have grown our business by strategically partnering with the nation’s leading brands, and we’re excited to have the Nonantum team’s support in scaling our business as we continue to grow alongside our customers.”

MSI offers innovative engineering solutions across blending, packaging, and both dry and liquid filling. Headquartered in Indiana, the company operates out of its strategically located network of manufacturing facilities, offering clients convenience and efficiency at scale.

“At Nonantum, our investment decisions are rooted in strong partnerships with leadership teams and a belief in the strategic competitive advantage of a business. With MSI, both are clearly evident,” said Nonantum managing partner Jon Biotti. “Charles and team have built an outstanding company that is laser-focused on engineering expertise and client service and offers a deep knowledge of the food and beverage sector. MSI has a strong track record and a bright future.”  

Houlihan Lokey acted as financial advisor to MSI. Nonantum was advised by Goodwin in completing the investment.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-off from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family- and founder-owned businesses, corporate carve-outs, and complex situations where personal partnerships are critical, and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.

About MSI Express

Founded in 2008, MSI Express is a leading food and beverage manufacturing and packaging company. MSI provides engineering solutions to America’s leading food and beverage brands with outstanding quality and service. For more information, visit www.msiexpress.com.

Media Contact:
Daniel Black

daniel@hencove.com

(508) 740-3235

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Nonantum Capital Partners Named to Inc.’s 2024 List of Founder-Friendly Investors https://nonantumcapital.com/nonantum-capital-partners-named-to-inc-s-2024-list-of-founder-friendly-investors/ Tue, 29 Oct 2024 08:00:00 +0000 https://nonantumcapital.com/?p=8447 Nonantum Capital Partners (“Nonantum") is proud to share that the firm has been named to Inc.’s 2023 Founder-Friendly Investors List, which honors the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs.

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Annual roundup highlights the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs

Boston, MA, (October 29, 2024) – Nonantum Capital Partners (“Nonantum”) is proud to share that the firm has been named to Inc.’s 2024 Founder-Friendly Investors List, which honors the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs.

For the second year in a row, Nonantum is recognized alongside a dynamic group of businesses shaping the future of their industries. The prestigious list celebrates the investors that believe in backing founder-led businesses and helping them thrive. All companies on the list have successful track records of collaboration and active involvement with the businesses in which they invest.

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity and venture capital firms. Founders filled out a questionnaire about their experiences partnering with private equity, venture capital, and debt firms and shared data on how their portfolio companies have grown during these partnerships.

“It has been a complicated few years for growth companies and the companies that fund them,” said Mike Hofman, editor-in-chief of Inc. “So, we are happy to share with our readers the best, latest guidance on which venture capital firms, private equity firms, and growth-capital lenders have the track record and reputation of being especially good partners to founders and CEOs.”

Nonantum is a private equity firm led by a group of experienced private equity and management executives, formed in 2018 as a spin-out from Charlesbank Capital Partners. The firm invests across North America with a focus on family- and founder-led businesses, corporate carve-outs, and complex situations. The team brings decades of investment and operating expertise across a broad array of industries, including business services, consumer products, and industrials.

Furthermore, the firm’s founding partners grew up in family businesses and understand the value of true partnership. For the majority of the firm’s portfolio, management teams favored Nonantum over competing acquirers for reasons other than price.

“Partnering with family- and founder-owned businesses is at the heart of what we do. These companies often share a profound connection to their communities and a long-term perspective on success that aligns with our values of trust, collaboration, and responsible growth,” commented Jon Biotti, Managing Partner at Nonantum. “Being recognized once again on the Inc. Founder-Friendly list reaffirms our belief that by strengthening these relationships, we create lasting value not only for our investors but also for the businesses and communities we serve. We are incredibly proud of our team’s efforts and grateful for the trust our partners place in us. Together, we look forward to continuing this journey of growth and innovation.”

To learn more and see the complete 2024 Founder-Friendly Investors list, go to:

https://www.inc.com/founder-friendly-investors/2024

About Inc.

The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical, and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.

About the 2024 List of Founder-Friendly Investors

Inc.’s 2024 Founder-Friendly Investors List appears in the November 2024 issue of Inc. Magazine and the magazine’s website at https://www.inc.com/founder-friendly-investors/2024.  Inclusion on the list is based on Inc.’s research and analysis over the prior year. For more information about the award and selection criteria, please visit Inc.’s website by following the link included above. Nonantum submitted an application and paid a fee to be considered for inclusion on the Founder-Friendly Investor List.

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Momentum Environmental Announces Acquisition of T&R Environmental https://nonantumcapital.com/momentum-environmental-announces-acquisition-of-tr-environmental/ Tue, 21 May 2024 08:00:00 +0000 https://nonantumcapital.com/?p=7995 Investment marks expansion of Momentum’s services and senior leadership team Momentum Environmental, LLC (“Momentum”), a vertically integrated environmental services platform, announced today the acquisition of T&R Environmental (“T&R”), a leading provider of environmental services based in Upstate New York. The acquisition, made alongside T&R Founder Brian Polmanteer, will catalyze Momentum’s growth in the Northeast and […]

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Investment marks expansion of Momentum’s services and senior leadership team

Momentum Environmental, LLC (“Momentum”), a vertically integrated environmental services platform, announced today the acquisition of T&R Environmental (“T&R”), a leading provider of environmental services based in Upstate New York. The acquisition, made alongside T&R Founder Brian Polmanteer, will catalyze Momentum’s growth in the Northeast and Mid-Atlantic regions.

“We were attracted to T&R Environmental because of its exceptional team, strong growth trajectory, and best-in-class services across a variety of end markets,” said Bill Hunter, CEO of Momentum. “We are excited to partner with the T&R team to build upon their success and expand our offerings to additional markets.”

Momentum is focused on building a differentiated provider of mission-critical environmental services, including waste processing, industrial cleaning, emergency response, and field services. Momentum operates multiple locations in New York and is backed by middle-market private equity firm Nonantum Capital Partners (“Nonantum”).

Founded in 2009 and headquartered in Bath, New York, T&R provides a full suite of environmental services. Momentum and Nonantum became the partner of choice for T&R given Bill’s deep industry experience and Nonantum’s successful track record of partnering with founder-owned businesses. As part of the acquisition, T&R Founder Brian Polmanteer will serve as Senior Vice President of Momentum.

“We chose to partner with Bill and Nonantum because of their industry expertise, experience scaling similar businesses, and strong cultural fit,” said Polmanteer.

Hunter and Polmanteer bring decades of industry experience to the Momentum leadership team to spearhead its growth. Most recently, Hunter served as CEO of Terra Nova Solutions, a vertically integrated provider of environmental solutions based in North Carolina. Polmanteer has led T&R to become a key player in the New York environmental industry, expanding its suite of services across the manufacturing, utilities, and public sector end markets.

“We are excited to partner with Bill and Brian to build the Momentum platform,” said Jon Biotti, Managing Partner of Nonantum. “Momentum’s services are critical to its customers and local communities. With this acquisition, we look forward to continuing T&R’s track record of excellent service while broadening Momentum’s operational footprint and service offerings.”

Momentum’s growth strategy includes additional acquisitions and development of permitted waste processing assets to complement a best-in-class service organization. Momentum is searching for other complementary businesses to acquire in the environmental services space. If interested in learning more, please contact Bill Hunter.

About Momentum Environmental

Momentum Environmental is a vertically integrated provider of non-discretionary industrial cleaning, waste processing, emergency response, and field services to several industries across the Northeast and Mid-Atlantic. The company has offices in Rochester, Syracuse, and Bath, NY. Momentum is currently constructing a NYSDEC Part 360 non-hazardous waste processing facility in Bath, which will open in late 2024. For more information, visit www.momentumenvironmental.com.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical, and opportunities exist for significant equity value creation. For more information, visit www.nonantumcapital.com.

Media Contact:
Tony Fontana

tony@hencove.com

703-244-2079

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LJP Waste Solutions Announces Michael Malatesta as its new Chief Executive Officer https://nonantumcapital.com/ljp-waste-solutions-announces-michael-malatesta-as-its-new-chief-executive-officer/ Thu, 04 Apr 2024 08:00:00 +0000 https://nonantumcapital.com/?p=7836 NORTH MANKATO, MN – April 4, 2024 – LJP Waste Solutions, a leading provider of zero landfill and traditional waste management services, announced the appointment of Michael Malatesta as its new Chief Executive Officer, effective April 2, 2024.   Retiring CEO Steve Metz will remain on the LJP board and support key organic and inorganic […]

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NORTH MANKATO, MN – April 4, 2024 – LJP Waste Solutions, a leading provider of zero landfill and traditional waste management services, announced the appointment of Michael Malatesta as its new Chief Executive Officer, effective April 2, 2024.  

Retiring CEO Steve Metz will remain on the LJP board and support key organic and inorganic growth initiatives. “Mike is a proven leader in the Environmental Services industry with a strong reputation and track record,” said Metz. “I am excited to support Mike as he leads our talented team in caring for our customers and executing our growth strategy.”

“We are excited to welcome Mike to the LJP team and believe that his experience growing differentiated businesses in the environmental services industry will be an asset to LJP during its next phase of growth,” added Jon Biotti, Managing Partner of Nonantum Capital Partners, the Boston-based private equity firm that acquired LJP in 2022. “We’re also grateful to Steve for his leadership and happy to retain him as a valuable board contributor.”

Malatesta has spent over 30 years building and leading companies in the Environmental Services industry. As the Founder & CEO of Advanced Waste Services, Malatesta grew the company from a startup to a formidable player, expanding to six locations across five states. The business was acquired by Covanta, where Mike remained for multiple years focused on business development and M&A.

A proven entrepreneur, Malatesta then formed and grew ERC Midwest, driving the strategic acquisition of three companies, and significantly bolstering the firm’s market position. This strategic expansion was pivotal, culminating in a sale to VLS.

“I was drawn to LJP due to its excellent customer service, industry leading team, and growth opportunities in the zero landfill and waste-to-energy markets. I look forward to joining the LJP team and advancing our strategic initiatives,” said CEO Mike Malatesta.

Mr. Malatesta was introduced to LJP Waste Solutions by Tyler Frisbie, the President of executive search firm Frisbie Search Partners, Inc. DBA – GRN McKinney.

About LJP Waste Solutions

LJP Waste Solutions is a zero landfill, environmental services company. Since 1993, LJP has been helping residential, commercial, and large manufacturing companies reach their sustainability goals. LJP provides solid waste and recycling services, specializing in zero landfill and waste-to-energy solutions. For further information, visit the Company’s website at https://www.ljpwastesolutions.com/.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical, and opportunities exist for significant equity value creation. For more information, visit https://nonantumcapital.com/.

About Frisbie Search Partners, Inc. DBA – GRN McKinney

GRN is a minority owned business, nationally recognized executive search firm that specializes in placing exceptional leaders within the Environmental Services industry. For more information, visit https://www.grnmckinney.com/about/team.aspx.

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Nonantum Capital Partners Named to Inc.’s 2023 List of Founder-Friendly Investors https://nonantumcapital.com/nonantum-capital-partners-named-to-incs-2023-list-of-founder-friendly-investors/ Fri, 03 Nov 2023 08:00:00 +0000 https://nonantumcapital.com/?p=7408 Nonantum Capital Partners (“Nonantum") is proud to share that the firm has been named to Inc.’s 2023 Founder-Friendly Investors List, which honors the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs.

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Annual roundup highlights the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs

Boston, MA, (November 3, 2023) – Nonantum Capital Partners (“Nonantum”) is proud to share that the firm has been named to Inc.’s 2023 Founder-Friendly Investors List, which honors the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs.

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity and venture capital firms. Founders filled out a questionnaire about their experiences partnering with private equity, venture capital, and debt firms and shared data on how their portfolio companies have grown during these partnerships.

“Now more than ever, founder-led companies need financing partners that offer guidance, expertise, and understanding—not just capital. These are the private equity, venture capital, and debt firms that have founders’ backs when it comes to accelerating growth,” says Scott Omelianuk, editor-in-chief of Inc. Business Media.

Nonantum is a private equity firm led by a group of experienced private equity and management executives, formed in 2018 as a spin-out from Charlesbank Capital Partners. The firm invests across North America with a focus on family- and founder-led businesses, corporate carve-outs, and complex situations. The team has decades of investment and operating experience across a broad array of industries including business services, consumer products, and industrials.

Furthermore, the firm’s founding partners grew up in family businesses and understand the value of true partnership. For the majority of the firm’s portfolio, managers favored Nonantum over competing acquirers for reasons other than price.

“We are proud to be consistently selected by management teams for our ‘partnership approach’, in which we leverage our experience in a hands-on manner without micro-managing. Our core values of integrity, humility, and teamwork drive us to invest only where we can partner with management to execute on a shared vision,” says Jon Biotti, Managing Partner of Nonantum.

To learn more and see the complete 2023 Founder-Friendly Investors list, go to: https://www.inc.com/founder-friendly-investors/2023

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical, and opportunities exist for significant equity value creation. For more information, visit https://nonantumcapital.com/.

About the 2023 List of Founder-Friendly Investors

Inc.’s 2023 Founder-Friendly Investors List appears in the November 2023 issue of Inc. Magazine and the magazine’s website at https://www.inc.com/founder-friendly-investors/2023.  Inclusion on the list is based on Inc.’s research and analysis over the prior year.  A nominal fee was paid to submit Nonantum’s application for consideration.

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RoadOne Adds Ace Transport Miami LLC to its National Network https://nonantumcapital.com/roadone-adds-ace-transport-miami-llc-to-its-national-network/ Tue, 18 Apr 2023 18:50:35 +0000 https://nonantumcapital.com/?p=7044 Expansion strengthens RoadOne’s Southern Florida footprint by providing its customers with another reliable container logistics gateway in the Southeast for import and export freight RoadOne IntermodaLogistics, a single source intermodal, warehouse, and logistics services company, announces today its acquisition of Ace Transport Miami LLC, an intermodal and transload service provider in Miami, Florida. Going forward […]

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Expansion strengthens RoadOne’s Southern Florida footprint by providing its customers with another reliable container logistics gateway in the Southeast for import and export freight

RoadOne IntermodaLogistics, a single source intermodal, warehouse, and logistics services company, announces today its acquisition of Ace Transport Miami LLC, an intermodal and transload service provider in Miami, Florida. Going forward the company will become a division of RoadOne known as Ace IntermodaLogistics.

Ace is a top-5 logistics and transportation carrier in the Miami market, with 70 drivers serving the Southern Florida market and a fleet of 300 company-owned chassis that provide shippers with added value by ensuring chassis are available when needed.  Ace has established itself as a niche provider handling overweight loads out of PortMiami and Port Everglades, and one of the few carriers that handles overweight containers in the Southern Florida market today.  Additionally, the company’s 100,410 sq ft warehouse in Miami supports transload and distribution services for import and export freight moving through the busy PortMiami and Port Everglades.

This acquisition is a significant milestone for RoadOne IntermodaLogistics as it increases its overall Florida service network, with Miami being the 10th largest port in the U.S., and Port Everglades the 12th ranked port in the U.S. This expansion is an important addition to RoadOne’s network as it continues to complete its overall national scope of logistics services covering every major port in Florida, and now has the capability to offer dedicated logistics and distribution services to the busy Miami market.   

Rudy Alvarez, Founder and Owner of Ace Transport Miami LLC, and his brother, David Alvarez, VP of Operations, will remain as shareholders in RoadOne IntermodaLogistics and continue to run the day-to-day operations of the company, working alongside the RoadOne team.

“It’s a thrill to join the RoadOne organization. In today’s competitive market, we know that as part of RoadOne we will have the resources necessary to continue our strong growth and provide optimal logistics and distribution solutions to support our customers supply chain needs,” said Rudy Alvarez, Founder and Owner of Ace Transport Miami LLC.

This new Southern Florida presence enables RoadOne to enhance its collaboration with industry partners in the region and service new customers, as well as offer its existing customers a new Southeast service option with a key gateway for imports and exports between the U.S and Latin America.

“Welcome Ace Transport Miami LLC to our family of companies,” said Ken Kellaway, CEO of RoadOne IntermodaLogistics. “We are confident that Ace’s strong market presence, differentiated service portfolio and niche position handling overweight loads will complement RoadOne’s existing capabilities and enable us to better serve the transportation needs of our customers.”

Ridgemont Equity Partners, a middle market private equity firm, recently announced the recapitalization of RoadOne, alongside RoadOne’s co-founders and Nonantum Capital Partners. This transaction provides RoadOne with significant capital for growth to support strategic acquisitions and continued investment in technology and platform operations.

About RoadOne IntermodaLogistics

RoadOne IntermodaLogistics is one of the largest privately-owned asset-based intermodal logistics and drayage providers in North America. 

RoadOne has over 2,200 drivers that are strategically spread out across 100+ different port, rail, and truckload terminals giving RoadOne the capability to handle all of the logistics needs of shippers throughout the nation, with an asset-based fleet and rapidly growing brokerage division.  In addition to RoadOne’s growing fleet of drivers, the company currently has almost 4 million sq ft of warehouse and transload space throughout the nation, as well as access to an additional 30+ million sq ft of warehouse and transload space through established strategic partnerships. 

In order to provide a better understanding of who RoadOne is, please find a list of services below, as well as the attached link which provides an overview highlighting RoadOne drivers and its capabilities for nationwide transload and drayage. https://player.vimeo.com/video/749252173?h=0b4ac7bade

  • National Drayage solutions at all Ports and Rail ramps
  • Dedicated fleet operations
  • National Transload operations
  • Yard Management and Depot solutions
  • National warehousing and fulfillment services
  • Industry leading Technology & Reporting Capabilities – TVI

For more information, visit: www.roadone.com

About Ridgemont Equity Partners 

Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors for nearly three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. For more information, please visit www.ridgemontep.com.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.

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Ridgemont Equity Partners Leads Recapitalization of RoadOne IntermodaLogistics https://nonantumcapital.com/ridgemont-equity-partners-leads-recapitalization-of-roadone-intermodalogistics/ Thu, 05 Jan 2023 10:00:00 +0000 https://nonantumcapital.com/?p=6698 High-Growth Intermodal Logistics Solutions Provider to Continue Geographic and Service Line Expansion Charlotte, NC and Boston, MA (January 5, 2023) – Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of RoadOne IntermodaLogistics (“RoadOne” or the “Company”), the largest independent provider of intermodal logistics solutions in North America, alongside the Company’s […]

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High-Growth Intermodal Logistics Solutions Provider to Continue Geographic and Service Line Expansion

Charlotte, NC and Boston, MA (January 5, 2023)Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of RoadOne IntermodaLogistics (“RoadOne” or the “Company”), the largest independent provider of intermodal logistics solutions in North America, alongside the Company’s management and co-founders, Ken Kellaway and David McLaughlin, and Nonantum Capital Partners, who acquired a majority stake in RoadOne in 2019 and remains meaningfully invested in partnership with Ridgemont.

RoadOne provides intermodal logistics services that facilitate the movement of freight at ports, regional distribution centers and inland rail terminals. The Company’s “port-to-floor” solutions include a full suite of value-added supply chain capabilities, including transloading and warehousing, port and rail container drayage and terminal operations, as well as dedicated truckload transportation and dray brokerage through a growing national network of over 100 service centers, 8 transload facilities comprising over three million square feet and over 2,000 drivers. RoadOne is a key strategic supply chain partner to beneficial cargo owners, steamship lines, railroads and third-party logistics providers.

“We have closely followed the success of RoadOne over the last several years, and we are excited to partner with the Company’s strong leadership team on RoadOne’s next chapter, alongside Nonantum,” said Charles Anderson, Partner at Ridgemont Equity Partners. “RoadOne is a market leader and is well-positioned to continue its growth through expanding services and geographic reach, executing on M&A and investing in technology – RoadOne’s differentiated value proposition enables the Company to serve as a critical supply chain partner to its customers.”

Rob Edwards, Managing Partner at Ridgemont, added: “Our recapitalization of RoadOne marks Ridgemont’s eighth third-party logistics platform investment and nicely complements our existing portfolio, which includes asset-light providers of omnichannel shipping services, freight forwarding, eCommerce fulfillment, freight brokerage and managed transportation services. RoadOne is a clear category leader with industry veterans at the helm and a massive market opportunity ahead – this is the team and investor group to execute the plan to capitalize on this opportunity.”

“It’s been an incredible journey to be a part of RoadOne’s growth and we are very pleased to continue supporting the platform,” said Jon Biotti, Managing Partner and Chief Investment Officer at Nonantum Capital Partners. “Through acquisition and strategic operational advancements, RoadOne has become a scaled, diversified and resilient business with remarkable customer retention. We are confident in the Company’s staying power and share the same strategic vision as management and our friends at Ridgemont.”

“This transaction infuses RoadOne with more capital for growth, adds a new and very experienced logistics investor in Ridgemont and preserves our proven partnership with Nonantum,” said Ken Kellaway, CEO of RoadOne IntermodaLogistics. “Our team is eager to continue doing what we’ve successfully been doing for over 35 years – expanding our offerings and national network to meet the evolving demands of our global customers.”

Financing for the transaction was provided by a blue-chip investor group, led by Barings and Churchill Asset Management. William Blair served as financial advisor to Ridgemont and Stifel and Harris Williams served as financial advisors to RoadOne and Nonantum. Alston & Bird and Goodwin Procter served as legal advisors to Ridgemont and the Company, respectively. Financial terms of the transaction were not disclosed.

About RoadOne IntermodaLogistics

RoadOne and its affiliated companies deliver comprehensive single source logistics solutions that include the highest quality, reliable port and rail container drayage, terminal operations, dedicated truckload solutions, transloading, and warehousing and distribution nationwide. For more information, please visit www.roadone.com.

About Ridgemont Equity Partners 

Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors for nearly three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. For more information, please visit www.ridgemontep.com.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.

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Nonantum Capital Partners Announces Acquisition of LJP Waste Solutions https://nonantumcapital.com/nonantum-capital-partners-announces-acquisition-of-ljp-waste-solutions/ Mon, 19 Sep 2022 13:59:11 +0000 https://nonantumcapital.com/?p=6130 Nonantum Capital Partners today announced the acquisition of LJP Waste Solutions from Aperion Management. LJP is a leading regional provider of non-hazardous solid waste and recycling services that specializes in zero landfill and waste-to-energy solutions.

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Private Equity Firm Acquires Growing Provider of Sustainable Waste Services

Boston, MA (September 19, 2022)Nonantum Capital Partners (“Nonantum”), a middle-market private equity firm, today announced the acquisition of LJP Waste Solutions (“LJP”) from Aperion Management. LJP is a leading regional provider of non-hazardous solid waste and recycling services that specializes in zero landfill and waste-to-energy solutions.

Founded in 1993, LJP provides innovative and sustainable disposal solutions, working directly with customers to conduct waste evaluations and determine waste streams that can be recycled or converted to fuel using waste-to-energy methods. In recent years, the company’s experienced management team has expanded its geographic footprint by servicing additional customer locations and making strategic acquisitions in the Midwest.

Given Nonantum’s industry experience and successful track record of acquiring, growing, and scaling businesses, the firm became the partner of choice for LJP’s management team.

“At LJP, we’ve come a long way in the past 29 years, and we’re excited to see the new heights we will reach with support from our new partner,” said LJP Waste Solutions CEO Steve Metz. “Since our doors opened, we’ve worked closely with our customers to provide innovative waste solutions while working towards a more sustainable future, and we’re looking forward to continuing that work with Nonantum.”

“Our team is excited to welcome LJP Waste Solutions to the Nonantum portfolio and partner with the management team on the continued expansion of zero landfill and traditional waste management services,” said Nonantum Managing Partner Jon Biotti. “LJP has a strong business model, and the company’s sustainable solutions are a key differentiator in the waste management sector.”

Stifel acted as financial advisor to LJP Waste Solutions. Nonantum was advised by Goodwin in completing the LJP investment.

LJP Waste Solutions is searching for other complementary businesses to acquire in the waste services space. If interested in learning more, please contact Steve Metz at 612-965-9460.

About Nonantum Capital Partners

Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.

About LJP Waste Solutions

LJP Waste Solutions is a zero landfill, environmental services company. Since 1993, LJP has been helping residential, commercial, and large manufacturing companies reach their sustainability goals. LJP focuses on recycling and waste-to-energy conversions, providing clean fuel for other businesses wherever possible.

Media Contact

Andrew Young

(615)603-1574

Andrew@Hencove.com

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RoadOne Announces Acquisition of Wilmac Enterprises https://nonantumcapital.com/roadone-announces-acquisition-of-wilmac-enterprises/ Wed, 31 Aug 2022 01:18:29 +0000 https://nonantumcapital.com/?p=5913 Nonantum Capital Partners’ portfolio company, RoadOne IntermodaLogistics, acquired Texas-based Wilmac Enterprises, a domestic intermodal drayage provider. Learn more about RoadOne’s latest acquisition, the 4th in the last year.

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Nonantum Capital Partners’ portfolio company, RoadOne IntermodaLogistics, acquired Texas-based Wilmac Enterprises, a domestic intermodal drayage provider.

Learn more about RoadOne’s latest acquisition, the 4th in the last year.

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RoadOne acquires R&A LogisticSolutions https://nonantumcapital.com/roadone-acquires-ra-logisticsolutions/ Tue, 23 Aug 2022 19:22:35 +0000 https://nonantumcapital.com/?p=5836 Nonantum Capital Partners’ portfolio company, RoadOne IntermodaLogistics, acquired California-based R&A LogisticSolutions, an established drayage and transloading business. Learn more about this acquisition and RoadOne’s expansion into the West Coast drayage market.

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Nonantum Capital Partners’ portfolio company, RoadOne IntermodaLogistics, acquired California-based R&A LogisticSolutions, an established drayage and transloading business.

Learn more about this acquisition and RoadOne’s expansion into the West Coast drayage market.

The post RoadOne acquires R&A LogisticSolutions appeared first on Nonantum Capital Partners.

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