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
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Transaction Type
- Growth capital
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