LTL Freight Transport Provider Go2 Logistics Appoints Harris Rainbow as CEO

CHICAGO--(BUSINESS WIRE)--Go2 Logistics (“Go2” or “the Company”), a national freight transportation and logistics provider offering refrigerated less-than-truckload (“LTL”), dry LTL, dedicated truckloads, air freight, intermodal, warehousing and cold storage, today announced that Harris Rainbow has been appointed CEO of the company.

Mr. Rainbow previously worked at Nolan Transportation Group and Transportation Insight, where he helped grow the business from a regional player into a $5 billion, nationally recognized freight organization. At Go2, he will be responsible for oversight of the company, including a renewed focus on commercial growth, innovation and building a resilient platform for long-term success.

“Go2 offers a distinct value proposition for specific LTL freight due to a purpose-built network, model, and service,” said Trey Lee, a member of the Go2 board and Managing Director at Stellex Capital Management. “A portion of the LTL market calls for differentiated network construction and market knowhow to provide cost effectiveness and efficiency. We believe Harris brings the skill and experience necessary to help educate the market about this unmet and misunderstood market need. Furthermore, his service-oriented and people-focused approach will be key for the company’s current state of inflection.”

“I believe Go2 Logistics is primed for growth across all facets of the organization, and I am honored to have been selected to lead the company into this next chapter,” said Mr. Rainbow. “By fostering a collaborative, constructive culture and bringing a refreshed perspective to market expansion, I believe that Go2 is poised to provide the best possible platform and service for transportation logistics in the U.S. – all while being a great customer partner and providing a welcoming place to work.”

The development follows a highly strategic acquisition by the Company earlier in the year when Go2 bought certain assets of Florida-based iShared Transportation, increasing service and density in the Southeast.

Go2 Logistics was founded in 2006 and is a leading provider of integrated supply chain solutions to a variety of end markets across the U.S. with a specific focus on consolidating LTL freight. They offer asset-based and non-asset capabilities that include temperature-controlled and dry van less-than-truckload and truckload services and warehousing and distribution services. Go2 is headquartered in Chicago, Illinois and has twelve other terminal locations across the United States. They are a portfolio company of Stellex Capital Management.

About Go2 Logistics
Go2 Logistics Holding Corporation is a value-added logistics supplier focused on custom consolidation, partial truckload, and expedited solutions. Specific services include asset-based less-than-truckload and truckload services and temperature-controlled warehouse and distribution services. For more information, please visit go2.us.

About Stellex Capital Management LLC
With offices in New York, London, Pittsburgh and Detroit, Stellex Capital is a private equity firm with over $5 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include aerospace, defense & government services, transportation & logistics, manufacturing, real economy & business services, food processing and tech-enabled services. Additional information may be found at www.stellexcapital.com.