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Acquisition
| Investment Date: |
Feb. 2007
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| Revenue: |
$127M
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| Fenway Investment: |
$58M
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Value Creation
- Build-out regional temperature-controlled platform
- Enhance technology and operating practices
- Create scaleable infrastructure
- Increase focus on return on invested capital
- Pursue add-on acquisitions at accretive multiples with operating synergies
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Refrigerated Holdings, Inc. ("RHI") is Fenway Partners' platform for investment in the temperature-controlled logistics sector. RHI includes Gemini Traffic Sales, Inc. (“Gemini”) and the East Coast Group (“ECG”). The platform provides shippers and importers a complete suite of temperature controlled transportation and distribution services from a strategic location in the port of NY/NJ.
www.eastcoastwarehouse.com www.geminitrafficsales.com
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Investment Profile
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- Trend to outsource specialized transportation services
- Gemini has a leading regional position in refrigerated transportation
- East Coast controls all refrigerated warehouse space for port of NY/NJ
- Platform provides downside protection
- Significant food/pharmaceutical customer base
- Strategic location in high demand port of NY/NJ
- Leader in temperature-controlled transportation, distribution and logistics
- Expand service offering
- Strengthen sales and marketing
- Upgrade management and systems
- Decrease asset-intensity
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Facts at a Glance
