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Santa Monica, CA – May 10, 2006 – Bison
Capital Equity Partners II, LP announced its $21 million
investment in Performance Team Freight Systems, Inc., a foremost
provider of third-party logistics services to retailers and
their vendors.
Founded in 1988 and based in Santa Fe Springs,
California, Performance Team provides transportation, distribution
and other logistics services to leading retailers throughout
the United States. Performance Team has established enduring
relationships with its customers through consistently outperforming
expectations and has become a critical component of the international
and domestic supply chains of these companies.
“We are very pleased that Craig and Michael
Kaplan selected Bison as their institutional investment partner
in Performance Team. With its industry leading management,
Performance Team is ideally positioned to continue providing
the highest quality service and support to its customers.
Our capital will enable the company to refinance existing
debt, repurchase equity from non-active shareholders and
help Performance Team continue its impressive growth trajectory,” said
Douglas Trussler, a partner at Bison Capital.
Bison Capital provides non-control growth equity
to middle-market entrepreneurial companies, public or private,
for expansion, acquisitions or balance sheet restructuring
in partnership with the management team. |
