West Palm Beach, FL: Local private equity investment firm Cambridge Capital LLC announced their involvement in a recent groundbreaking acquisition by Target Corporation (NYSE: TGT). On August 14, the retail giant acquired transportation technology company Grand Junction in hopes of both expanding and improving their delivery services — enabling quicker and more efficient deliveries to Target customers.
The acquisition is part of the store’s ongoing endeavors to completely transform its supply chain, providing greater “speed, reliability and convenience for guests,” explained Target executive vice president and chief supply chain and logistics officer Arthur Valdez in a Target press release. The two companies will work together to create a same-day delivery pilot at Target’s Tribeca New York location.
“Target is seizing a tremendous opportunity to leverage local delivery as a retail differentiator,” Grand Junction founder and CEO Rob Howard said in the release.
Local resident Ben Gordon, Managing Partner of Palm Beach-based Cambridge Capital LLC, led the financial oversight of the acquisition. It is one of several major transactions the firm has secured in recent months.
Target Corporation, based in Minneapolis, MN, operates 1,816 stores across North America, as well as maintaining the major online store Target.com. San Francisco-based Grand Junction has been providing major retailers, distributors and third-party providers with innovative delivery management software since 2014. Grand Junction employees will now be considered part of Target’s team.
About Cambridge Capital LLC:
West Palm Beach’s Cambridge Capital is the investment partner of local investment banking firm BG Strategic Advisors. The firm provides private equity for the expansion, recapitalization or acquisition of growth companies in the applied supply chain sector, including transportation, distribution, logistics, or supply chain technology industries — all with the goal of maximizing value. The firm has been the leading private equity firm investing in the supply chain sector since its inception in 2009.
About Ben Gordon:
Local Palm Beach resident Ben Gordon has devoted his career to building and growing successful supply chain companies around the world. As Managing Partner at Cambridge Capital LLC and Managing Director at BG Strategic Advisors, Gordon has advised on more than $1 billion worth of transactions in the supply chain industry.
