Palm Beach Capital Announces Investment in Need It Now Delivers
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Jun 5, 2018--Palm Beach Capital Fund IV, L.P., through one of its investment entities, today announced that it made an investment in Need It Now Delivers, LLC (“Need It Now” or “Company” or “NIN”). Need It Now is the largest private Same Day Provider in the US. Financial terms were not disclosed.
Need It Now Delivers is the largest private Same Day Provider serving the United States. Need It Now has been servicing the logistics industry for over 31 years; all the while, providing quality logistics solutions to companies of all sizes throughout the US and the world. Need It Now provides national, same-day ground and air delivery services to a wide range of commercial, industrial and retail customers. Services are divided between rush, warehousing, fast distribution and pre-scheduled service. Driven by sophisticated technology, Need It Now deploys the right resources to execute your delivery at the Speed Of Now! Need It Now specializes in the time-definite same-day delivery of packages of all sizes, anywhere in any city.
“Our partnership with Palm Beach Capital is another step in the plan Need It Now has laid out for its future. We are continuing to build a critical network to support our valued customer base in this highly fragmented industry,” said Eric Mautner, CEO, Need It Now Delivers.
“We are excited to partner with the entire Need It Now management team and we look forward to providing the necessary support for the company to expand its last mile logistics and warehousing services,” commented Nate Ward, Palm Beach Capital’s Founding Partner. “Need It Now has the proven capabilities, logistical expertise, and technology platform to support its domestic and international customer base. We look forward to partnering with their deeply experienced and proven team.”
About Need It Now
Need It Now Delivers was founded in New York City in 1987, and has grown from its New York roots to across the country. As a large shipper of packages throughout the U.S., Need It Now specializes in the time-definite same-day delivery of packages of all sizes, anywhere in any city. The company specializes in time-definite, door-to-door delivery of crucial shipments, anytime, anywhere. This same-day delivery service is for those instances when your needs cannot be met with overnight service. For more information please visit the firm’s website at www.nindelivers.com.
About Palm Beach Capital
Founded in 2001, Palm Beach Capital is a private equity investment firm with offices in both West Palm Beach and Sarasota, Florida. Currently investing out of its fourth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in middle market management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 46 portfolio companies (55 distinct investments including co-investment vehicles). For more information, please visit the firm’s website at www.pbcap.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605006332/en/
CONTACT: Palm Beach Capital
Nate Ward, 561-659-9022
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Palm Beach Capital
Copyright Business Wire 2018.
PUB: 06/05/2018 11:56 AM/DISC: 06/05/2018 11:56 AM