Seacoast Capital Invests $20M in Lone Star Overnight

December 1, 2021

Seacoast Capital provided $20 million of subordinated debt and preferred equity to Lone Star Overnight (LSO) in a non-control growth capital investment to buy out a minority shareholder, refinance part of existing debt, and support near-term growth. LSO is a regional parcel delivery provider headquartered in Austin, Texas with a multi-state network of operating locations serving both B2B and B2C customers.

Buyers
Seacoast Capital
Targets
Lone Star Overnight (LSO)
Sellers
Unnamed minority shareholder
Location
Texas, United States
Transaction Type
Growth capital

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