The Edgewater Funds Exits Priority Express Investment
Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce the recent sale of its portfolio company Priority Express (“Priority” or the “Company”). Headquartered in Boothwyn, Pennsylvania, Priority is an asset-light expedited logistics company providing time-sensitive, same-day logistics solutions to the healthcare and e-commerce end markets. The Company serves its customers out of its 5 distribution facilities across the northeast.
A key objective of Edgewater’s partnership with Priority was to pursue a multi-faceted growth strategy with the goal of building a best-in-class platform in the expedited logistics industry. Among the most important strategies which drove Priority’s success were:
1) Recruited top operations and sales managers;
2) Invested aggressively in technology for dispatching, tracking, settlement and customer interface;
3) Expanded geographic footprint into adjacent markets in New Jersey, Maryland, and Washington D.C.;
4) Heightened focus on measurement of speed, quality and customer service.
These core strategies were the principal drivers of the organic growth that the Company experienced during Edgewater’s partnership.
Edgewater partners with outstanding management teams to accelerate growth in their businesses. We are a flexible partner and can execute control and non-control investments. Please contact us at email@example.com for any questions or information.