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HIG Capital completes growth investment in Load One

MIAMI–(BUSINESS WIRE)–HIG Capital (“HIG”), a leading global alternative investment firm with over $49 billion in equity under management, is pleased to announce that one of its subsidiaries has made an investment growth in Load One, LLC (“Load One” or the “Company”).

Based out of Detroit, Michigan, Load One is a leading provider of expedited transportation and logistics services. The company serves customers in various end markets in the 48 contiguous United States, Canada and Mexico. Through its extensive network of experienced owner-operators, trusted carrier partners and company drivers, Load One provides exceptional service to its customers by helping them meet their urgent, time-sensitive and high-value freight needs.

HIG is partnering with Founder and CEO John Elliott and the current management team to provide capital and resources to capitalize on the company’s significant strategic growth initiatives and substantial consolidation opportunities in the fragmented expedited transportation and logistics industry.

John Elliott, Founder and CEO of Load One, said: “This is an exciting new chapter for our company. The partnership with HIG allows Load One to continue to provide exceptional service while pursuing growth opportunities with existing and new customers. The company has many opportunities for expansion, and HIG’s capital and resources, particularly in mergers and acquisitions, 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.

“We believe that Load One represents an ideal opportunity to create a leading fast-track transportation and logistics platform at a time when market tailwinds, along with driver and equipment shortages, are expected to continue to drive growth,” added Ryan Kaplan, Managing Director of HIG. “We look forward to partnering with John and the rest of his talented management team as they lead the organization through the next phase of organic and inorganic growth for the company.”

About Load One

Founded in 2003 and based out of Detroit, Michigan, Load One is a leading provider of expedited transportation and logistics services in North America. Through its extensive network of owner-operators, partner carriers and company drivers, Load One is committed to providing exceptional service to its customers by helping them meet their urgent, time-sensitive and high-value freight needs. . In addition to ground acceleration services, Load One also provides trucking, specialty flatbed, air and logistics solutions.

About HIG Capital

HIG is one of the world’s leading alternative asset investment firms with over $49 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operational value-driven system. – added approach:

  1. HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.

  2. HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.

  3. HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.

  4. HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.

Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit HIG’s website at www.higcapital.com.

* Based on total capital commitments managed by HIG Capital and its subsidiaries.

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