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Completed Transactions > Transportation > SHIPS-a-Lot in Investment by Private Investor

SHIPS-a-Lot in Investment by Private Investor

SHIPS-a-Lot

Date

Aug 2020

Region

Tennessee

We are pleased to announce that a private investor has made an investment in our client, Mach 7.4, Inc. (dba SHIPS-a-Lot). The acquisition closed August 5, 2020 and details were not disclosed.

SHIPS-a-Lot, located in Memphis, Tennessee, is a third-party logistics company that handles e-commerce fulfillment. The Company was founded in 2015 when three e-commerce entrepreneurs were running an online beef jerky company. Trying to scale the business, they looked for a fulfillment center to help with orders as they worked on growth. 

This is when Max and Zach Zitney, and their co-founder Zach Lukaszek, realized that a lot of fulfillment centers were really traditional warehouses converted into "e-commerce fulfillment centers". They decided to create a fulfillment center that truly understood e-commerce and did so with the creation of SHIPS-a-Lot.

Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Andrew Byrd, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with SHIPS-a-Lot.

“SHIPS-a-Lot has a bright future and I am glad we found our clients exactly what they were looking for,” said Byrd.

If you’d like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation M&A Deals page.

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