USPack Logistics Completes Two Acquisitions in Nationwide Expansion

NewSpring Holdings

Radnor, PA – September 14, 2015 – NewSpring Capital (“NewSpring”), a family of private equity funds, announced today that NewSpring Holdings LLC portfolio company, USPack Logistics (“USPack”), has completed its acquisition of Alexandria, VA-based Washington Courier, strategically expanding the company’s geographic operations.  The addition of Washington Courier’s loyal customer base, industry experience and intense focus on customer service will complement USPack’s strengths and bring further growth opportunities and efficiencies to the business.

Headquartered in New York, NY, USPack is a steadily growing logistics company, focused on providing same-day and next-day delivery services to national and global Fortune 500 corporations in several major U.S. markets.  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.

NewSpring Holdings invested significantly in USPack earlier this year, bringing resources to accelerate continued growth through technological innovation, enhanced customer service capabilities and selective M&A activity.  Washington Courier is the first of these strategic acquisitions complementing USPack’s expertise with broader geographic reach and unique solutions for high-growth industries such as Healthcare and E-commerce.

USPack’s Peter Glazman commented,  "USPack is proud to join forces with a well-respected industry leader like Washington Courier.  The company’s extensive delivery network in the Baltimore/DC/Northern Virginia area and its exceptional customer service reputation will help USPack better serve the growing needs of our customers.”

NewSpring General Partner, Jim Ashton, added, “Both USPack and Washington Courier have consistently been market-leaders excelling in customer service.  With increasing consumer expectations for on-demand specialized delivery, USPack further increases its competitive advantage through this important partnership.  This is the first of a series of select, strategic acquisitions designed to further accelerate growth.”

USPack will continue to operate under the leadership of Peter and Mark Glazman and now welcomes Washington Courier’s Kevin McDonald to the leadership team.  Mr. McDonald will continue to manage the Washington Courier business ensuring a smooth transition and continuous client satisfaction.  Together with the resources of NewSpring, the newly combined management team will aggressively pursue plans to further advance geographic growth and grow its client roster, as USPack continues advancing technological innovation, premiere customer service focus and strategic M&A activities. 

About USPack Logistics
Founded in 1986, 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 600 independent contractor drivers.   The company 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.

 

About Washington Courier
Headquartered in Alexandria, VA, Washington Courier has operated its same-day on-demand delivery model since 1993 and currently serves businesses and consumers in the DC Metro/Baltimore/Northern VA region.  Ensuring accurate, on-time delivery, Washington Courier serves leading hospitals, pathology laboratories, public relations companies, law firms, national home healthcare companies and thousands of other businesses. The company has a long-standing reputation for exceeding expectations and creating strong service partnerships with clients.