Saybrook Announces the Sale of Founding Interest in GISI
01 Mayo 2024 - 10:18AM
Saybrook Management today announced the sale of its
founding interest in Global Infrastructure Solutions
Inc. (GISI) back to GISI marking a significant milestone
in Saybrook’s 30-year track record building
companies in logistics management.
Under the leadership of CEO Jonathan Rosenthal, Saybrook has
achieved a 5-year average multiple of invested cash of
5.35x across 14 platforms and add-on logistics
investments. Rosenthal said “I take great
pride in having helped launch GISI in
2017 and in the company’s impressive growth. As a
Founding Board Member, I am honored to have learned from
true industry experts who have built GISI into one
of the largest global players with over
14,500 employees in 100 countries and revenues of
$13 billion.”
Rick Newman, GISI Chair and CEO said, “It has been a pleasure to
associate with Saybrook for these past seven years. Mr. Rosenthal’
s ability to analyze the trends in the global economy and insight
into the potential impact to our markets in addition to his support
of our management and employee ownership model has contributed to
our success.”
The sale of GISI shares follows Saybrook's exit
of Taylored Services and Toll Global Logistics
(U.S.) to Yusen Logistics, delivering an 8x
multiple of invested cash. Saybrook transformed a small New
Jersey-based logistics company into an industry leader with 11
distribution centers nationwide, 5,000 employees, and 5.5 million
square feet of facilities handling 1.45 million SKUs
daily. Scott Adelson, Co-President of Houlihan Lokey
who represented Saybrook said,
“Taylored exemplifies Saybrook’s ability to drive
growth in the logistics sector, even amidst a pandemic disruption
and global financial crises, by leveraging advanced
computing, a global vision and operational
excellence.”
Saybrook's earlier disposition of Total
Transportation Services, Inc. (TTSI) to Sun
Capital further solidified the team's position as
an innovator in the logistics
industry, resulting in a multiple of
invested cash of 4.2x, highlighting the team's
resilience in navigating pandemic disruption and
achieving record profitability.
Saybrook has
consistently produced solid financial
results through operational discipline and deep industry
relationships, propelling the team towards
pioneering advances in logistics technology. Cary
Thompson, The Executive Vice Chairman of BofA
Securities said, “Rosenthal and his team are true
innovators, leading the logistics industry through a moment of
extreme transformation. We are watching their development with
keen interest.” Through collaborations with industry giants
like Japan Post, Esri, the Port of Rotterdam, and Gannett
Fleming, Saybrook has deployed cutting-edge
technology to enhance operational efficiency across most
logistics domains.
About GISI:The GISI family of companies collectively is among
the largest privately owned construction management companies in
the commercial building, industrial and healthcare markets. It is a
leading provider of engineering and consulting services in the
environmental and public infrastructure sectors and a leader in
global sustainability and impact services. GISI provides the
resources its partner firms may require gaining the competitive
advantage for success. Through the dedicated efforts of our more
than 14,500 employees, many of whom are shareholders, GISI
generates annual revenues of approximately US $13 billion, with
project backlogs of more than US $22 billion. Our employee
shareholders are invested in contributing to, and benefiting from,
our continued growth as we bring our unique value proposition to
our clients and communities in more than 100 countries. Learn more
at www.GISI.com.
About Saybrook:Saybrook and its affiliates is a Los Angeles
based transportation and logistics technology company with roots
begun in the 1983 deregulation of U.S. airlines. Since then, its
affiliates have owned, operated, or advised more than 100 companies
across a wide swath of transportation, logistics, and enabling
technology. Saybrook’s focus today is entirely on digitalizing
global supplier networks and offering shippers accurate and
predictive location intelligence through its cloud-based
integration platform designed to save money, increase
sustainability, and improve resiliency. Learn more at
https://www.saybrookfunds.com.
Media Contact:Sochenda Sopann(424)
322-1769ssopann@esplogisticstech.com