Rotunda Capital Announces Amware Acquisition of Iron Mountain Fulfillment Services
BETHESDA, Md.--(BUSINESS WIRE)--Rotunda Capital Partners, LLC (“Rotunda”) a lower middle market private equity firm that specializes in investing in founder/family-owned lower middle market logistics, distribution, specialty finance, and business services businesses, announced today that Amware Fulfillment LLC (“Amware” or the “Company”) acquired the fulfillment services unit of Iron Mountain (NYSE: IRM), Iron Mountain Fulfillment Services (“IMFS”), on September 28, 2018. Terms of the transactions were not disclosed.
Iron Mountain Fulfillment Services specializes in fulfillment and distribution of printed and promotional materials. IMFS’s modern fulfillment centers in Chicago and Milpitas, CA, will expand Amware’s warehouse network, and its facilities in Atlanta and Cranbury, NJ, will augment Amware’s existing locations in those markets. The resulting combination of the IMFS and Amware networks creates true national coverage, expanding same-day order/ship capabilities. The acquisition grows Amware’s service capabilities to include marketing fulfillment as well as print on demand, and strengthens freight buying leverage with parcel carriers.
Amware is a third-party logistics provider of value-added customized warehousing and fulfillment solutions for business-to-consumer, business-to-business, and multichannel verticals. Amware has approximately two million square feet of warehouse footprint under management, including nine distribution centers in five locations – Atlanta, Dallas, Phoenix, New Jersey and Southern California. Amware helps fast-growing companies scale fulfillment operations through every stage of business growth. Amware’s freight management service offering optimizes customers’ transportation spend and increases routing efficiencies; Amware’s nationwide coverage enables delivery in 1–2 days to 98 percent of the country.
About Rotunda Capital
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle-market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices, and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including logistics, distribution, financial services, and business services. Rotunda Capital partners with industry-leading operating executives to grow each portfolio company. Since 2009, Rotunda Capital has completed 11 platform investments and realized four exits. The partners of Rotunda Capital actively provide guidance and draw on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more, visit www.rotundacapital.com.