STG Logistics Secures $300 Million Financing for Strategic Growth

STG Logistics Secures $300 Million Financing for Strategic Growth

STG Logistics, a prominent provider of containerized logistics services, has successfully completed a $300 million debt and equity financing package. The funding, backed by STG's existing lenders and equity sponsors, provides the company with substantial capital to continue expanding its operations and pursue strategic growth initiatives.

Confidence in Long-Term Vision

Paul Svindland, Chief Executive Officer of STG Logistics, emphasized the importance of the financing in supporting the company's long-term goals.

“The strong commitment from our shareholders and financial partners not only reinforces confidence in STG's long-term strategic vision, but also strengthens our position to navigate the current freight market challenges," said Svindland. "We are grateful for the continued support from our stakeholders and look forward to leveraging this capital to drive both organic and inorganic growth in the years ahead."

Expansion of Service Offerings and Operational Efficiency

The new funding will enable STG to invest in innovative logistics solutions, expand its range of services, and enhance operational efficiency. This strategic capital will aid STG in advancing its mission of providing best-in-class logistics services across the country, ensuring its continued leadership in the industry.

About STG Logistics

STG Logistics is a leading national provider of containerized logistics services, offering asset-based intermodal transportation, marine and rail drayage, warehousing and transloading services, as well as over-the-road full truckload (FTL) and less-than-truckload (LTL) services. With over 35 years of experience, STG Logistics has access to every major rail ramp and port in the U.S. The company is a portfolio company of Wind Point Partners, Duration Capital Partners, and Oaktree Capital Management.

This news underscores STG's commitment to driving growth and innovation in the logistics industry as it continues to deliver efficient and reliable services to customers nationwide.