Zipline Logistics Enhances CPG Logistics Capabilities with Summit Eleven Acquisition

Zipline Logistics, specializing exclusively in the consumer-packaged goods (CPG) sector, has announced the acquisition of Summit Eleven, a Texas-based multi-modal transportation provider. Endorsed by private equity sponsor Frontenac, this strategic maneuver aims to broaden Zipline's service offerings and reinforce its position in the CPG industry. The integration of Summit Eleven's expertise in temperature-controlled and flatbed transport is expected to augment Zipline’s transportation management solutions significantly.

According to Walter Lynch, CEO of Zipline Logistics, the acquisition is grounded in a mutual respect for shared values and vision. He emphasized the synergy between the two companies, both in terms of culture and commitment to quality service. The merger is anticipated to enhance Zipline's logistical solutions for rapidly growing CPG brands, particularly through Summit Eleven's strategic presence in Austin, Texas, and its proven rapid growth trajectory.

Summit Eleven's CEO, Spence Manthe, expressed enthusiasm about merging with Zipline Logistics, foreseeing an array of benefits for their clients including expanded modal capabilities and expertise. Joe Rondinelli, Managing Director at Frontenac, also voiced support for the acquisition, highlighting the enhanced logistics capabilities, especially in temperature-controlled freight brokerage, it brings to Zipline.

The transaction advisory role was undertaken by G2 Capital Advisors, with Winston & Strawn LLP functioning as legal counsel for Zipline Logistics. Additional details about the acquisition can be found on Zipline Logistics' website.