Zipline Logistics Enhances CPG Focus With Strategic Summit Eleven Acquisition

In a significant move within the logistics and transportation sector, Zipline Logistics has announced its acquisition of Summit Eleven, a Texas-based multi-modal transportation provider. This acquisition, backed by private equity sponsor Frontenac, marks a strategic step for Zipline Logistics to enhance its transportation management solutions and solidify its presence in the consumer-packaged goods (CPG) industry.

Walter Lynch, CEO of Zipline Logistics, emphasized the alignment of values and vision between the two companies as a driving factor behind the acquisition. He highlighted the mutual commitment to exceptional service and the opportunity this union presents to expand their presence in Austin, Texas. The merger is set to bolster Zipline's capabilities in offering retail logistics solutions to rapidly growing CPG brands.

Summit Eleven is celebrated for its customer-centric approach and rapid growth, characteristics that resonate with Zipline's own ethos. The acquisition leverages Summit Eleven’s expertise in temperature control and flatbed transportation, alongside its strategic location in Austin, a key hub for the CPG sector. This collaboration aims to foster continued growth, enhance buying power, and create opportunities for employee advancement within both entities.

Spence Manthe, CEO of Summit Eleven, expressed enthusiasm about joining forces with Zipline Logistics. He anticipates that this partnership will extend their modal capabilities and provide their clients with access to seasoned retail logistics experts from Zipline.

Joe Rondinelli, Managing Director at Frontenac, also shared his excitement about the partnership's potential to expand Zipline’s logistics capabilities, particularly in temperature-controlled freight brokerage. This move is expected to accelerate Zipline's growth and improve its ability to meet customers' supply chain needs more effectively.

G2 Capital Advisors acted as the exclusive financial advisor, while Winston & Strawn LLP provided legal counsel to Zipline Logistics during the transaction process.

Zipline Logistics stands as a leading third-party logistics solutions provider in North America, focusing exclusively on servicing the consumer-packaged goods sector. With a robust carrier network tailored for the CPG industry, a team of expert retail transportation professionals, and advanced shipper intelligence tools, Zipline Logistics is dedicated to maximizing client revenue and gross margin by ensuring optimized delivery performance.

Frontenac is a Chicago-based private equity firm with a focus on lower middle market buyout transactions across consumer, industrial, and services industries. The firm adopts an executive-centric approach known as CEO1ST, aiming to partner with operating leaders to identify, acquire, and build market-leading companies through strategic acquisitions and operational excellence. Over its 50-year history, Frontenac has worked with over 300 mid-sized business owners navigating complex transitions related to liquidity, management enhancement, and growth planning.

For more details on Zipline Logistics and its strategic acquisition of Summit Eleven, interested parties are encouraged to visit their official website.