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On Thursday, Chicago-based Maxwell Street Capital Partners announced it was investing in contract logistics and industrial supply chain aftermarket company The Integration Group (TIG).
Maxwell Street, a private investment firm focusing on middle and lower middle market transportation, logistics, supply chain and route-based businesses, said the move augmented its supply chain investment strategy.
“This partnership perfectly fits our strategy of investing in companies led by strong, entrepreneurial teams with distinct advantages in the supply chain and logistics sector,” Evan Harwood, a Maxwell Street partner, said. “TIG’s 30-year history of exceptional customer service is impressive. We are dedicated to supporting TIG in further developing its supply chain expertise and driving growth organically and through strategic acquisitions.”
Headquartered in Marshalltown, Iowa, The Integration Group offers warehousing and supply chain logistics solutions with services that encompass the entire support cycle.
“This is a pivotal moment in our company’s journey. The industry is shifting towards a more integrated, value-added partnership approach,” Nate Koenig, Chief Sales Officer and president of TIG, said. “With Maxwell Street’s collaboration, we can enhance our offerings, not only maintaining our commitment to existing customers but also showcasing our capabilities to new ones.”
Officials said Maxwell Street’s Harwood and Paul Loeb would join TIG’s board of directors alongside company founders Nate and Jeret Koenig, as well as a new independent director, Ed Bowersox.
“We are excited to work with Nate, Jeret, and the entire TIG team,” Paul Loeb, Maxwell Street partner said. “The evolving complexity of customer supply chains presents a unique opportunity. With its proven track record delivering comprehensive, high-touch supply chain solutions, TIG is ideally positioned to meet these emerging needs.”