Michael Lonergan

The logistics market is making headlines as alternative investment firm Stonepeak has acquired two logistics assets totaling 1.1 million square feet in Fort Worth, Texas. Blair Robbins, Audit partner at EisnerAmper, notes that nearly 90% of goods are shipped via ocean freight, highlighting the importance of strategic logistics locations. Continue reading here: https://okt.to/lqWUzP #Logistics #LogisticsIndustry #realestate #supplychain

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WhatIsMyBizWorth? Since 2018, Neri Capital Partners has completed over 750 comprehensive, affordable, and accurate business valuations. Whether you are planning to exit your business, or your wealth manager is preparing your exit plan, you should know WhatIsMyBizWorth. With the completion of your comprehensive valuation, you receive three market values: Asset, Equity, and Business Enterprise Values. In addition, you also receive 13 KPIs, which are compared to thousands of other NAICS codes that are the same as your businesses, using IRS anatomized data. Your KPIs comparison is shown as (i) overperforming, (ii) underperforming, or (iii) average for your market sector. Your business valuation report is presented to you by a Neri Capital Partners Advisor, with the opportunity to ask questions and/or make recommendations to increase the value of your business. [email protected] (800) 216-4819 x0 https://lnkd.in/g4g_WMiA https://nericap.com hashtag #businessowners hashtag #babyboomers hashtag #sellsideadvisory hashtag #wealthmangement

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VCLink's Daily Round Report (Part 2) 9. Class8, formerly FleetOps, a logistics tech company, has raised $22 million in its Series A from Xplorer Capital. Commerce Ventures, Inspired Capital, and Resolute Ventures also participated. https://lnkd.in/eb5CFWST 10. Distyl AI, an AI solutions company, raised $20 million in Series A funding from Lightspeed and Khosla Ventures. The company’s tailored AI products help Fortune 100 leaders transform their business operations using AI integration. https://lnkd.in/e68SAhE6 11. Mihir Bhaskar's Lightsynq, a quantum interconnect technology developer, has secured $18 million in Series A funding, led by Cerberus Ventures GmbH. Murata, IAG Capital Partners, Safar Partners, QVT Financial LP, and IQT (In-Q-Tel) also participated. https://lnkd.in/eBYA2A6b 12. Yehuda Niv's Spines, an AI-powered self-publishing platform, has raised $16 million in a Series A round led by Zeev Ventures. Aleph, M-Fund Club, and LionTree also participated in the round. https://lnkd.in/eP3xSqhC 13. Oisin Hanrahan's Keychain, a CPG industry platform, has raised $15 million in Series A funding from BoxGroup, with General Mills, Schreiber Foods, Lightspeed, and SV Angel also participating. The company aims to streamline the co-manufacturer search process with AI-powered tools. https://lnkd.in/eE-xgR2D 14. Citizen Health, an AI-powered health platform, has raised $14.5 million in seed funding and announced a partnership with the Chan Zuckerberg Initiative’s Rare As One project. The platform aims to enhance patient communities and data connections for rare conditions. https://lnkd.in/eHaQSg-W 15. Twine, a cybersecurity startup, has emerged from stealth, raising $12 million in its seed round co-led by Ten Eleven Ventures and Dell Technologies Capital. Twine’s AI agent 'Alex' is redefining identity and access management, acting as a 'digital employee' to assist security teams. https://lnkd.in/eggNBbUM 16. Agentio, a YouTube ad marketplace provider, has secured $12 million in Series A funding led by Benchmark to scale its AI capabilities and expand tools for campaign performance measurement. The platform has already achieved profitability. https://lnkd.in/efuHEAZV

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The freight market is stabilizing and showing “positive signs” going forward, according to Transport Topics: https://lnkd.in/eGfK7KB3 As conditions improve and opportunity floods back into the freight market, accelerate your business with real-time pricing data.  Historically, organizations have needed a crystal ball to get accurate, transparent lane pricing. Not anymore. At Farelanes LLC, our real-time pricing data includes 30-day, 15-day, 7-day, and same-day rates specific to the type of transport and city/lane pairs. Arm yourself with the data needed to thrive as the freight market rebounds. Explore our plans here: https://lnkd.in/gViVtUpa. #pricing #freight #transportation #supplychain #trucking #logistics

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WBT's Christopher Greenberg discusses how to make the right choice when looking for Warehousing. High inventory levels, rising construction costs, and challenges finding land with adequate infrastructure are all contributing to a national warehouse shortage. To find the right option, click here for more: https://lnkd.in/gp56EPN5 #warehousing #logistics #supplychain

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Interesting news about warehousing in the U.S. The contraction in the U.S. warehousing sector is deepening. Construction activity and hiring in the business at the heart of logistics operations both are pulling back sharply, the WSJ Logistics Report’s Liz Young writes, as the industrial real-estate market gets further away from the frenzied expansion of the pandemic era. Cushman & Wakefield says industrial space under construction was down 43% from the previous year in the third quarter, the steepest decline since 2008. The real-estate services firm says the average vacancy rate in the U.S. climbed to 6.4%, the highest level since the end of 2014. The numbers are a stark sign of how shifting consumer demand is cascading across logistics business, slowing the demand for goods transport and storage. Federal hiring figures show warehouse operators shed a seasonally-adjusted 11,000 jobs in September. The storage and distribution sector has shed 171,600 jobs since May 2022.

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New partnership! CITT is excited to announce our partnership with Green Freight Assessments, an organization specializing in helping companies access and deploy government funding for sustainability transformation. "ESG has become an important focus for the industry and for CITT in recent years," says Pina Melchionna, President & CEO of CITT. "While many in the business acknowledge the importance of sustainability, they often face hurdles in accessing available funding. There are also knowledge gaps about what the funding can be used for and how to deploy it," she continues.   "Green Freight Assessments have identified that there are major opportunities to advance sustainability that aren't being taken advantage of. There's $250,000 per fleet, per year for this type of project - which can go a long way with the right guidance. We hope the industry looks into this opportunity as part of our collective goal of a more sustainable transportation sector." Green Freight Assessments says, of the partnership: We are delighted to announce our partnership with CITT to support their mandate to advance the logistics industry in Canada! By partnering with CITT, we align ourselves with a network that values cooperation and innovation. We at Green Freight Assessments specialize in helping fleets reduce fuel usage by sourcing cutting-edge equipment and government grant funding to finance sustainability transformation projects. With the federal government providing up to $250,000 in funding per fleet, per year for this type of activity, the time to act is now. Our goal is to support fleets in reducing their environmental impact by leveraging this funding, while also enhancing their operational efficiency. Cleaner, more efficient logistics systems not only support the growth of the Canadian economy, but the preservation of our environment. This partnership with CITT will enable us to better serve the logistics community, leveraging CITT’s extensive network and industry expertise. Together, we will work to ensure that fleets have the necessary tools and support to adopt greener practices and access critical funding opportunities. We are excited about the opportunities this collaboration brings and look forward to making significant strides towards a more sustainable future for the logistics industry. The program is running for a limited time only - and funds are available on a first-come, first-serve basis. Companies that are interested in this opportunity can learn more and begin the eligibility assessment process by filling out the form on this page: https://lnkd.in/gvG_bFVN. CITT and Green Freight Assessments are also hosting a free webinar on August 21, 2024, to share more information about the program - register for the webinar here: https://lnkd.in/gzVe7hDg.

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Lineage Logistics: The Hottest IPO in the Cold Storage Industry The cold storage industry is heating up, and Lineage Logistics is leading the charge with the largest IPO in the U.S. this year. The company raised a staggering $4.4 billion by selling 56.9 million shares at $78 each, surpassing expectations and making it the biggest IPO since Arm Holdings went public last September. Key Takeaways: - Market Leader: Lineage Logistics operates the world's largest network of temperature-controlled warehouses, boasting 482 facilities across North America, Europe, and the Asia-Pacific region. - Strong Financials: The company reported $5.3 billion in revenue for the 12 months ending March 31, highlighting its robust position in the market. - Growth Strategy: Lineage plans to use the proceeds from the IPO to reduce debt and provide cash grants to some employees, setting the stage for further expansion and operational improvements. Lineage Logistics' IPO marks a significant milestone in the cold storage industry, demonstrating its growing importance in the global supply chain. As the demand for temperature-controlled storage solutions increases, companies like Lineage are well-positioned to capitalize on this trend and deliver value to investors.

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The refloating of MV Dali marks a significant step in easing Baltimore's port congestion. Learn about the current ocean cargo market trends and how they might impact your business. Connect with Coppersmith Global Logistics for comprehensive logistics solutions tailored to your needs. #BaltimorePort #Logistics #CoppersmithGlobal

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🚛 At the latest Logistics Leaders Conference, Jon Ackerman of Capstone Logistics, LLC disclosed some significant developments for the industry. 📈 The implementation of Highway has led to an impressive milestone: zero instances of double brokering. This achievement marks a notable success for the Capstone team and underscores their commitment to innovation and efficiency in logistics. 🚚 #LogisticsLeaders #SupplyChainSuccess #InnovationInLogistics

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In this Transport Topics article, Bluejay's Billy Hart describes how the last two years impacted valuation in the freight market and how investors are responding so far in 2024. Read the article below: https://lnkd.in/eGfK7KB3 #mergersandacquisitions #freight #market #truckingandlogistics #valuation

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You don’t want to miss Chris Elwood CSCP Director of Logistics & Operational Strategy at Grimco, as he dives into the impact of mergers and acquisitions on supply chain strategy at the upcoming Jarrett Whisky River event on Oct. 11! Gain valuable insights into how these changes can shape the future of logistics. Space is limited, so reach out to your Jarrett representative today to secure your spot! #SupplyChain #MergersAndAcquisitions #Logistics #WhiskyRiver #OperationalStrategy

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Blue Point Capital Partners and National Safety Apparel (NSA) are proud to announce the acquisition of Tri-Star Glove (TSG), a manufacturer of personal protective apparel, primarily serving the automotive, foundry, fabrication and glass end-markets. TSG is NSA’s 14th acquisition since 2012 and the first investment since partnering with Blue Point less than two months ago. “Tri-Star has developed a reputation for manufacturing outstanding personal protective apparel that spans a variety of project types and serves a diverse group of customers,” said NSA CEO Chuck Grossman. “Through this partnership, we will continue providing premium PPE products to our customers, leveraging our combined experience and industry knowledge.” NSA is actively seeking additional partnerships with like-minded founders and owners of PPE manufacturing businesses. Business owners interested in learning more please contact me. #manufacturing #privateequity Jon Pressnell Rick Soukup Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.

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Should you need help on your international ocean or USA domestic shipping, please reach out to us at [email protected] and we would be happy to discuss potential solutions! #freightforwarding #logistics #shipping #cargo #seafreight #freight #freightforwarder #supplychain #export #import #transportation #oceanfreight #logisticscompany #transport #trucking #customsclearance #logisticsmanagement #warehousing #warehouse #supplychainmanagement

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🚚 LOBB Logistics Secures $2.9 Million Funding from Prominent Investors! 💰 @Lobb, the cutting-edge digital freight brokerage platform, has achieved a significant milestone by raising $2.9 million in funding. 🌐 The investment comes from a league of high net worth individuals, including serial entrepreneur @Rajesh Voddiraju and Sharada Nandakumar, the esteemed CEO of Voya India. 🙌 This infusion of capital will fuel Lobb’s growth, enhance its technology stack, and strengthen its position in the logistics industry. 📈 🌟 Why the Buzz? Lobb’s innovative approach to freight brokerage, coupled with its strategic backing from 3one4 Capital, has garnered attention. As the logistics landscape evolves, Lobb aims to revolutionise cargo movement, optimise routes, and provide seamless solutions for shippers and carriers alike. 🛒 Stay tuned for exciting developments! 👀 #FundingNews #StartupSuccess #LobbExpansion #Investment #TechGrowth #BusinessExpansion #StartupFunding #Entrepreneurship #Innovation #BusinessGrowth #India #BelieveIndia To read more in detail, click below:👇 https://lnkd.in/gw8eKtPb

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"The joining of two trucking companies always comes with challenges throughout the merger and acquisition process...Investment bankers who specialize in trucking M&As say many companies invested heavily in assets when the freight market soared during the post-COVID period of 2022, only to find themselves wanting a way out when 2023 brought on a freight recession, inflation and higher interest rates." Spencer Tenney provides commentary on the current M&A market, alongside contributors Jason Howe, SR. VP, Schneider, and Billy Hart, Managing Partner, Bluejay, Advisory & Capital. Read the full Transport Topics article below: 👇 https://lnkd.in/gxn8q2dN Article Written by: Dan Calabrese

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Warehousing: Showing signs of a comeback - As interest rates drop, the warehousing market sees new leases and construction, signaling a return to form. #AutoScheduler #warehousing https://hubs.li/Q02W2_XG0

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