We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Weber Logistics Partners with Stellex Capital to Position Itself for Growth
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Weber Logistics Partners with Stellex Capital to Position Itself for Growth

Weber Logistics Partners with Stellex Capital to Position Itself for Growth
December 10, 2020
No Comments

Third-party logistics provider Weber Logistics has announced that Stellex Capital Management (Stellex), a middle-market private investment firm with significant transportation and logistics experience, has partnered with Weber’s management team in a recapitalization focused on accelerated expansion. The terms of the deal were not disclosed.

Company ownership transitions from the Weber family, which founded the company in 1924 and had built it into one of the most respected logistics companies in the Western United States. Bob Lilja, formerly Weber’s President and COO, has been named Chief Executive Officer. The company’s existing leadership team will leverage its new capital base to enhance services to clients and drive Weber’s new growth agenda.

According to Trey Lee, Principal at Stellex, “Weber operates as a key stakeholder in its clients’ success. By prioritizing a partner-oriented model, the company is better positioned to shoulder the burden of an increasingly complex supply chain on behalf of its customers. Weber’s strengths as a logistics provider – a strong management team, a track record of profitable growth, deep-rooted customer relationships, and a culture of integrity and service at every level of the organization – further compelled our decision to invest. This is a success formula which is scalable and management has our full support to execute on their vision.”

Historically, Weber has been known as the go-to logistics provider for U.S. Western Region distribution. According to Bob Lilja, Weber will build on its legacy strengths to support a highly growth-oriented focus that will include both organic growth and acquisitions.

“We’re already exploring expansion opportunities beyond our traditional geographic region and in high-growth areas like eCommerce fulfillment, which has fueled much of our recent success,” says Lilja. “Stellex shares our strategic vision and offers the resources to pursue our bold growth plan, while maintaining the culture and values that have made Weber successful. We’re building from a foundation of strength and are excited to begin writing Weber’s next chapter.”

About Weber Logistics
Weber Logistics is a third-party logistics company that speeds port-to-market distribution by integrating drayage, warehousing, and final delivery into a single logistics solution. With 12 high-velocity distribution centers throughout Southern and Northern California and its own regional fleet of trucks, Weber has become a leader in fast, flexible, reliable product distribution services.

About Stellex Capital
Stellex Capital Management is a private equity firm with more than $2.6 billion in committed capital under management that invests in middle-market companies in North America and Europe. Stellex seeks to invest in opportunities where it can deploy capital to provide stability, catalyze operational improvement and foster growth. Stellex is a value-add partner with the ability to provide flexible capital solutions and operational expertise. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight and access to capital. Sectors of particular focus include aerospace & defense, automotive, building products, business services, capital equipment, consumer, distribution & logistics, food, general manufacturing, government services, industrial services, and transportation. Additional information may be found at http://www.stellexcapital.com.

https://www.prweb.com/releases/weber_logistics_partners_with_stellex_capital_to_position_itself_for_growth/prweb17603980.htm
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Supply Chain Services
KEYWORDS Weber Logistics
  • Related Articles

    Feelunique partners with SEKO Logistics for cross-border growth into China

    Weber Logistics Adds 3 California Distribution Centers to Support Business Growth

    Circle Logistics Partners with MyCarrierPackets to Expedite New Carriers for Network of Shippers

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • A look into the future of robotics

  • A primer on warehouse robots

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • Southeastern Freight Lines Promotes Marty Cox to Service Center Manager in Cincinnati, Ohio

  • Pull back or go deeper—how the pandemic influenced shipper-3PL engagement

Now Playing on DCV-TV

9cddf77b a6f2 40d3 b603 004e451106fb

Dealing with Rapidly Rising Freight Costs

DCV-TV 4: Viewer Contributed
I don’t know if it’s because of our Two Minute Warnings, or the fact that shippers are experiencing the conditions we warned about in our Code Red webcasts, but lately, I’ve heard the same message from several C-Level and supply chain executives: Their companies are experiencing supply chain challenges and their...

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing