News

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Silver Oak Services Partners is actively looking for opportunities in the transportation and logistics industry alongside industry executive

Jul. 25, 2013 -Team News

Silver Oak Services Partners, a leading middle-market private equity firm, is actively targeting investment opportunities in the transportation and logistics industry in partnership with Remo Picchietti, a seasoned Logistics executive.

Mr. Picchietti has more than 25 years of Logistics industry experience, including as the President and CEO of World Commerce Services, a global freight forwarder that Mr. Picchietti grew significantly through operational improvements, organic growth and accretive acquisitions before selling the business to WLG Global Logistics.  After the sale, Mr. Picchietti continued as CEO of the USA Group and Executive VP of WLG.

Greg Barr, Managing Partner at Silver Oak, said, “Silver Oak has a history of investing in the Logistics space and we are extremely excited to be partnering with Remo, who has a proven track-record of profitably growing Logistics companies.”

Silver Oak and Mr. Picchietti welcome the opportunity to evaluate investment opportunities throughout the Logistics industry, and are particularly interested in those businesses with strong growth opportunities, a defensible niche and EBITDA of $3-$10M.  Sectors of interest include freight forwarding, asset light transportation models, reverse logistics, customs brokerage, warehousing and other international freight forwarding opportunities.

For more information, or to submit investment opportunities, please contact Greg Barr (847.332.0401 or gbarr@silveroaksp.com), David Friedman (847.332.0430 ordfriedman@silveroaksp.com), or Remo Picchietti (847.721.3166 or picchietti@msn.com).

About Silver Oak Services Partners
Silver Oak Services Partners, based in Evanston, IL, invests in the Business, Consumer and Healthcare services industries.  The firm’s principals have a long history of investing in a variety of Logistics companies, including three current investments in niche distribution businesses.  Silver Oak recently raised its second fund with more than $200M of capital, and typically makes platform investments in companies with $3-$20M of EBITDA.