NewSpring Holdings Partners with USPack Logistics

NewSpring Holdings

RADNOR, PA – March 30, 2015 – NewSpring Capital (“NewSpring”), a family of private equity funds, announced today that NewSpring Holdings LLC, the firm's dedicated platform acquisition strategy, has invested in USPack Logistics (“USPack”).  Headquartered in New York, NY, USPack is a privately-held logistics company, focused on providing same-day and next-day delivery services in several key markets in the U.S.  

Founded in 1986, USPack has grown steadily and serves a growing number of national and international Fortune 500 Corporations.  With the joint contributions of founders, Peter and Mark Glazman, the Company has maintained a strong commitment to customer service and satisfaction by providing personalized, hands-on courier services to today’s most demanding, time-sensitive industries, including E-commerce, Pharmaceutical, and Healthcare.  

"USPack is proud to take this important step with NewSpring, in both ensuring long-term stability for our customers and employees and positioning our organization for future growth," said Peter Glazman, CEO of USPack.  “Together, we’re evolving USPack’s business model to enhance our competitive advantage and accelerate growth.  Our entire team is energized and excited about the opportunities this partnership with NewSpring will provide.”

“We’re thrilled with the opportunity to partner with the Glazmans and the rest of the USPack team,” said Jim Ashton, NewSpring General Partner.  “Under Peter and Mark’s leadership, we look forward to USPack’s continued expansion, leveraging the Company’s heritage and market-leading position within the logistics industry.  As today’s consumer has come to increasingly expect ‘on-demand’ service models in their professional and personal lives, USPack’s customer service excellence makes the company a standout and will enable them to continually grow and expand.” 

USPack will continue to operate under the leadership of Peter and Mark Glazman.  The team, together with the resources of NewSpring, plans to further geographic growth and expand its customer base through continued technological innovation, premiere customer service focus and strategic M&A activities.  

About USPack Logistics

Founded in 1986 by Peter Glazman, USPack provides same-day delivery services in the Northeast, Mid-Atlantic, Midwest and Pacific Northwest regions and serves the rapidly growing last-mile segment of the logistics industry for industry leading customers.  USPack utilizes an asset-light model with approximately 550 independent contractor drivers.  Mr. Glazman has pursued a strategy of measured growth through calculated acquisitions and careful investment decisions.  Today, USPack combines the personalized, hands-on service of a small business with the cutting-edge technology and capabilities of the world’s leading delivery services.