We wanted to align ourselves with a partner that shared our vision on delivering remarkable customer experiences, as well as do what's in the best interest of our employees and customers.
Denver, CO (PRWEB) August 28, 2012
SDR Ventures, a Colorado-based investment banking firm, recently announced the sale of AtLast Holdings, Inc. d/b/a AtLast Fulfillment (“AtLast” or the “Company”) to Newgistics, Inc. (“Newgistics”). SDR Ventures served as sell-side advisor through the transaction process.
AtLast Fulfillment is a leading provider of integrated outsourcing solutions to eCommerce companies. Through its proprietary technology, automation and network of multi-client distribution centers, AtLast customers see more efficient operations, new ways of growing revenue, more satisfied customers and dramatic cost reductions.
Ted Tanner, founder and CEO, grew AtLast from his garage to a two-time Inc. 500 award recipient that currently serves as the third-party logistics (“3PL”) and fulfillment partner for over 100 eCommerce brands. "We wanted to align ourselves with a partner that shared our vision on delivering remarkable customer experiences,” said Ted Tanner, “as well as do what's in the best interest of our employees and customers. Newgistics is a perfect fit for AtLast. Our companies share a great deal in common, including our core values, and we are excited to be part of the Newgistics family.”
Acquiring AtLast is Newgistics, a provider of delivery and return solutions for top brands in direct-to-consumer retail and other industries. With Newgistics, shipping goes far beyond moving boxes. Every parcel processed by Newgistics opens up new opportunities for companies to strengthen their brands and improve efficiency all while saving shipping costs. According to Bill Razzouk, CEO of Newgistics, "AtLast Fulfillment and Newgistics share a focus on innovating technology-driven solutions to achieve one main goal: helping our customers provide a positive shopping experience for their customers. We are confident the acquisition of AtLast will increase the breadth and quality of services offered to e-tailers and direct-to-consumer merchants and brands.”
“Since 2003, Ted and the team at AtLast have grown organically utilizing a superior customer service model backed by an innovative and proprietary Warehouse Management System (“WMS”), Labor Management System (“LMS”) and Transportation Management System (“TMS”). Operating within Newgistics, we expect AtLast’s core competencies of team, service and technology will continue to flourish,” remarked Chris Bouck, Founding Partner of SDR Ventures.
About SDR Ventures
SDR Ventures is a boutique investment bank serving the lower middle market, including companies with values up to $300 million. Operating beyond the confines of a traditional investment bank, SDR is reinventing the way business owners approach the market, offering transaction advisory, capital formation, strategic advisory and performance exchange services. Representatives of SDR Ventures offer securities through Colorado Financial Service Corporation, a FINRA member broker-dealer.