Provider of Value-Added Warehousing, Fulfillment, and Transportation Solutions in Key Geographies Across the U.S.

An affiliate of Angeles Equity Partners, LLC (“Angeles”) has acquired Custom Goods, LLC (“Custom Goods”), an asset-light third-party logistics (“3PL”) company that provides an integrated suite of logistics services for its business-to-business customers. Angeles will partner with Custom Goods’ talented and experienced management team on this investment. The terms of the transaction were not disclosed.

Headquartered in Carson, Calif., Custom Goods is a provider of highly customized warehousing and value-added fulfillment, transportation solutions, and centralized examination stations serving the United States Customs and Border Protection agency. The business currently operates over 6.5 million square feet of warehousing space in critical logistics hubs across the U.S. and has cultivated a long-tenured and diversified base of Fortune 500 customers.

“Recognizing the significant growth potential of third-party logistics businesses, we have been pursuing a diversified asset-light platform that has compelling upside potential. The diversification of Custom Goods’ end markets and customers and distinctive service offerings across transportation and logistics make this an ideal investment for us. The tailwinds in this sector should provide for continued organic growth and also create attractive opportunities for follow-on M&A,” said Sam Heischuber, managing director at Angeles Equity Partners.

“The team at Custom Goods has done a great job building a differentiated business. Their asset-light, diversified business model has facilitated strong momentum over the last few years and has positioned Custom Goods to capitalize on favorable market dynamics. Angeles looks forward to partnering with this team to realize the full potential of the business,” said Matt Hively, operating partner at Angeles Operations Group, LLC.

Angeles’ investment in Custom Goods originated from its thematic investment focus on asset-light, value-added 3PL providers. Angeles believes companies will continue to benefit from strong secular tailwinds driven by more e-commerce, technological advancements, customized logistics solutions, sustainability, and increased outsourcing of supply chains. As a result of its partnership with Angeles, Custom Goods plans to aggressively pursue organic and inorganic growth initiatives and further broaden its national footprint.

“Custom Goods has been on a strong trajectory for the last few years. We see incredible upside potential for our business and intend to fully leverage Angeles’ capabilities to accelerate our growth and profitability,” said Tony Gregory, CEO of Custom Goods.

Custom Goods was previously owned by Soundcore Capital Partners along with the management team. Simpson Thatcher & Bartlett LLP provided legal counsel to Angeles. RSM US LLP provided transaction advisory services to Angeles. K&L Gates LLP provided legal counsel to Custom Goods. Lincoln International LLC provided transaction advisory services to Custom Goods.

About Custom Goods

With decades of experience, Custom Goods is an asset-light, third-party logistics provider that has developed a national footprint with over 25 facilities, transportation services, U.S. Customs and Border Protection bonded facilities with foreign trade zone services and value-added distribution, packaging, kitting assembly and freight consolidation. Learn more online at www.customgoodsllc.com

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a specialist lower middle-market private equity investment firm with a consistent approach to transforming industrial businesses. In partnership with Angeles Operations Group, LLC, the Angeles skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.

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