Bayside Capital Announces Strategic Investment in ServiceCraft Logistics, Inc.

MIAMI--Bayside Capital, a leading Miami-based private equity firm, announced today that it has completed a strategic investment in ServiceCraft Logistics, Inc (“ServiceCraft” or the “Company”). ServiceCraft, based in Buena Park, CA, is a leading provider of third party logistics services to a wide array of industries, including consumer electronics, automotive, garments and consumer packaged products. ServiceCraft operates over 4.5 million square feet of premium distribution facilities located throughout the United States. The Company has a proven track record of warehousing, distribution and customized solutions and has been at the forefront of the logistics industry for nearly half a century. With its expertise in domestic demand management, it has extended its service offerings to over 19 countries world-wide. Terms of the transaction were not disclosed.

ServiceCraft President and CEO Rick Moradian commented, “We are excited to partner with a premier private equity firm to help facilitate our growth. Bayside’s investment allows us to continue providing excellent service to our valued customers, while broadening our service offerings into new products and markets, both domestic and international.”

“We are very pleased to welcome ServiceCraft to our growing portfolio of entrepreneurial, service-based businesses,” said Matthew Wilson of Bayside Capital. “We believe ServiceCraft is well positioned to capitalize on the huge growth in outsourced logistics and supply chain management. The Company has an outstanding management team, leading market position and, with the resources of its new financial partner Bayside Capital, is well-positioned to capitalize on the many opportunities created by the strong customer demand for its services.”

About Bayside Capital

Bayside Capital is a private investment firm which actively invests in the debt and equity of middle market companies that can benefit from operational enhancements, improved access to capital, or balance sheet realignments. With the ability to provide capital through a broad array of securities including senior and subordinated debt, equity, Debtor-In-Possession facilities, and special situation loans, Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. Bayside Capital is an affiliate of H.I.G. Capital, a leading private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, the firm is one of the most active private equity investors in small and medium-sized companies. H.I.G. manages in excess of $3 billion of committed equity capital to support its investment activities. In the last decade, H.I.G. has invested in over 75 companies with combined revenues of over $5 billion.