H.I.G. Capital, a global investment firm in Miami with more than $49 billion of equity capital under management, announced one of its affiliates has completed a growth investment in Load One, an international transportation and logistics service provider headquartered in Taylor. Terms of the investment were not disclosed.
Load One serves clients across diverse end markets in all 48 contiguous U.S. states, Canada, and Mexico. Through its expansive network of owner-operators, carrier partners, and company drivers, Load One helps customers address time-critical and high-value freight needs.
“This is an exciting new chapter for our company. Partnering with H.I.G. allows Load One to continue delivering outstanding service while also pursuing growth opportunities with both existing and new clients,” says John Elliott, founder and CEO of Load One.
“The company has numerous opportunities to expand, and H.I.G.’s capital and resources, particularly around M&A, will help us continue our successful growth trajectory. We are very excited about the future of Load One and believe our customers and employees will benefit greatly from this support.”
H.I.G. is partnering with Elliott as well as the current senior management team to provide capital and resources to take advantage of the company’s significant strategic growth initiatives and substantial consolidation opportunities across the fragmented expedited transportation and logistics industry.
“We believe Load One represents an ideal opportunity to create a premier expedited transportation and logistics platform at a time when market tailwinds, as well as driver and equipment shortages, should continue to drive growth,” says Ryan Kaplan, managing director at H.I.G. “We look forward to partnering with John and the rest of his talented executive team as they lead the organization through the company’s next phase of organic and inorganic growth.”
