Zipline Logistics acquired Summit Eleven, a multi-modal transportation provider. Backed by its private equity sponsor, Frontenac, this strategic move enables Zipline to expand resources and opportunities to further its transportation management solutions and strengthen its foothold in the consumer packaged goods (CPG) space.
”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,” says 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.”
Key takeaways:
- The acquisition capitalizes on Summit Eleven’s temperature control and flatbed capabilities.
”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,” says 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.”
“We are thrilled to further build on Zipline’s CPG focus by partnering with Summit Eleven,” says 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.”
