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Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.
RK Logistics Group is a warehousing, e-commerce fulfillment and supply chain management services provider based in Silicon Valley, Calif. The company leverages technology to provide customized logistics services.
“RK Logistics Group has a stellar reputation as a high-performance supply chain operator, supporting some of the most demanding, complex and mission-driven businesses in Silicon Valley,” Joe MacLean, chief executive at AOI Capital, said. “We welcome RK Logistics to our portfolio and we are confident that with RK’s skilled workforce, collaborative employee culture and a proven, agile approach to customer solutions, together we will build on its track record of sustained, profitable growth.”
AOI Capital invests in startups and ongoing businesses and is primarily focused on e-commerce firms, pharmaceutical distribution and 3PL services. The 3PL sector is seen by its investors as highly attractive given the surging demand for warehousing, distribution and supply chain management capabilities.
“This is the start of an exciting new chapter in our journey,” RK Logistics President Rock Magnan said. “We look forward to benefiting from the business acumen and financial expertise Joe MacLean and his team bring to the table.”
RK Logistics management will stay on and continue to run the day-to-day operations of the company. Rod Kalune, founder of the company, has retired now that the acquisition deal is complete. He started the company more than 35 years ago. — Transport Topics
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