SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Calera Capital, a leading middle-market private equity firm, announced today the completion of a majority recapitalization of FitzMark, LLC (“FitzMark”), in partnership with the founder and CEO Scott Fitzgerald. Headquartered in Indianapolis, IN, FitzMark provides industry-leading service in brokerage and logistics across truckload, flatbed, refrigerated and less-than-truckload freight markets. Terms of the transaction were not disclosed.
James Halow, Managing Director of Calera Capital, said, “FitzMark has a long and successful track record of providing high levels of service to shippers and carriers alike with a talented and dedicated employee base, deep network capacity, and robust fit-for-purpose technology. We are excited to be partnering with Scott and his team to leverage those capabilities as FitzMark builds the business both organically and through targeted acquisitions that fit the model and culture.”
Bob Bianco, Operating Partner of Calera Capital, added, “I am a strong believer in the company’s culture, business model and approach. We are delighted to support management as they further realize the substantial potential of the business.”
“We are excited to be partnering with Calera Capital in the next chapter of our evolution,” said Scott Fitzgerald. “We expect to continue to grow the operations and drive our successful acquisition strategy, while preserving the service intensity, customer focus and entrepreneurialism that has driven our historical success.”
FitzMark represents Calera’s ninth investment from Fund V and reinforces Calera’s strength and track record of successfully partnering with leading management teams and high-quality businesses within the third party logistics space.
Founded in 2006, FitzMark is a nationwide third party logistics firm serving truckload, flatbed, refrigerated and less-than-truckload freight markets. The Company provides best-in-class service to its customers and carriers by investing in its team of dedicated transportation professionals and honing its custom-developed transportation management software, DASH. The Company is headquartered in Indianapolis, IN and serves over 2,000 shippers and 25,000 carriers throughout the US. For more information, visit: https://www.fitzmark.com.
About Calera Capital
Founded in 1991, Calera Capital is a private investment firm which has invested over $3.7 billion. With offices in Boston and San Francisco, Calera focuses on partnering with founders and management teams to drive significant value creation in their businesses, primarily in two industry sectors: Business Services and Specialty Industrials. Calera Capital makes substantial equity investments in middle-market businesses and works closely in support of management to build long-term sustainable value through the implementation of strategic and operating initiatives. For more information, visit: www.caleracapital.com.