Sale Of Taylored Services Inc.28-Nov-2012
Hastings Equity Partners, LLC has sold its controlling interest in Taylored Services, Inc. and Taylored Freight Brokers (TSI/TFB) to Saybrook Corporate Opportunity Funds.
Taylored Services, Inc. and Taylored Freight Brokers, headquartered in Edison, NJ, are third-party logistics outsourced warehousing and freight brokerage companies. TSI/TFB operates warehouses on the East and West Coast serving the ports of Newark and Long Beach/Los Angeles where many of its customers import their products from Asia and Europe. TSI/TFB uses advanced information technology to communicate real time with its customers and their retail partners to ensure accurate, timely, and cost effective distribution solutions.
Hastings invested in TSI/TFB in April 2008. It was Hastings’ first investment in Fund II.
About Hastings Equity
Hastings Equity Partners is a private equity firm focused on investing in lower, middle-market businesses in the energy sector. Hastings’ approach is to leverage the extensive operational experience of the firm's managers and investors, many of whom are active or former CEOs of Fortune 1000 companies. In addition, due to the firm's expanding portfolio of oilfield services companies, it is able to share best practices, technology trends and contacts across its platform to ensure that all of its investments benefit. Hastings strives to help companies create sustained value for their employees, customers, and investment partners.