Zipline Logistics Acquires Summit Eleven in Austin, Texas

Zipline Logistics, a third-party logistics provider specializing in the consumer-packaged goods (CPG) sector, has announced its acquisition of Summit Eleven, a multi-modal transportation provider based in Austin, Texas

”Cultivating success isn’t just about the numbers; it’s about the shared values and vision that drive us forward. Our decision to acquire Summit Eleven was rooted in finding a partner whose culture and commitment to quality aligned with our own,” said Walter Lynch, CEO of Zipline Logistics.

“With an impressive management team and mutual commitment to exceptional service, this union allows us to expand our presence and navigate the vibrant landscape of Austin, Texas.

Together, we’re positioned to offer exceptional retail logistics solutions to fast-growing CPG brands, helping fuel their success and ours.”

The move, backed by private equity sponsor Frontenac, aims to enhance Zipline’s transportation management solutions and solidify its position in the CPG industry.

”Joining forces with Zipline Logistics marks an exciting new chapter for Summit Eleven. We are thrilled to offer our clients expanded modal capabilities and access to additional expertise from tenured retail logistics experts at Zipline,” said Spence Manthe, CEO of Summit Eleven.

“This strategic move propels us towards even greater heights, solidifying our commitment to delivering quality service and value to our clients.”

Key Points:

Summit Eleven: Known for its customer-centric approach and rapid growth, Summit Eleven operates from its headquarters in Austin, Texas, a central hub for CPG.

Strategic Benefits: The acquisition leverages Summit Eleven’s temperature control and flatbed capabilities, as well as its strategic location in Austin.

Shared Vision: Both companies prioritize customer satisfaction, making the merger a natural fit.

Growth Prospects: Zipline anticipates continued expansion, increased buying power, and opportunities for employee development.

Advisors: G2 Capital Advisors provided financial guidance, while Winston & Strawn LLP served as legal counsel for Zipline Logistics during the transaction.

“We are thrilled to further build on Zipline’s CPG focus by partnering with Summit Eleven,” said Joe Rondinelli, Managing Director at Frontenac.

“Together, Zipline will be able to offer more logistics capabilities, especially in areas of temperature-controlled freight brokerage, which we believe will accelerate Zipline’s growth and allow it to better serve its customers’ supply chain needs.”