Huron Capital, a lower-middle-market private equity firm in Detroit, Wednesday announced it has invested in Indianapolis-based Direct Connect Logistix (DCL) to create a new platform in the third-party logistics industry.
DCL is a nationwide transportation and logistics services company and provides domestic brokerage services for shippers across the United States. The company works with a network of prequalified carriers to offer truckload, partial truckload, expedited freight, small parcel, and air freight brokerage solutions to customers primarily in the food and beverage, plastic containers and packaging, and consumer packaged goods industries.
“At the core of DCL is the strong brand and business we have built, and we are confident in our belief that Huron Capital is the right partner to help us accelerate our growth, while maintaining the connections and culture that we have very intentionally created,” says Roger Singh, co-founder and CEO of DCL, Greg Humrichouser, co-founder and president, John Leininger, vice president, in a joint statement. “We believe Huron Capital’s experience and investment will provide opportunities for DCL to expand service offerings, enhance our geographic footprint, and expand the platform through acquisitions.”
This investment is the second platform launch for Huron in 2018 and the 13th platform in the business services sector.
“Huron Capital has a history of investing in both the transportation industry and growing businesses with dynamic cultures based on hiring talented, dedicated people, which made DCL a great fit,” says Matt Hare, partner at Huron Capital.
“DCL’s founders have institutionalized their entrepreneurial approach to freight brokerage management, developing strong talent within their organization, which we believe provides a solid foundation as we pursue new growth, both organically and through acquisition.”