I am excited to share the news that Cambridge Capital LLC just completed a majority investment in Everest Transportation Systems, LLC, a high-growth logistics company focused on freight brokerage and transportation management.
This deal will enable Everest to continue to expand its differentiated platform and capitalize on its large market opportunity, on the back of over 100% revenue growth and nearly 200% EBITDA growth over the last twelve months.
We invested in Everest for several reasons.
First, the team is outstanding. Jake Elperin, Lev Krasnopolskiy and Philip Weber have created a culture based on integrity, responsiveness, and 24/7 service. We love backing winners, and this is a team of real winners.
Second, the business model is compelling. Everest built a team in Chicago and Kiev, providing round-the-clock attention to blue-chip customers like Anheuser-Busch InBev, Nestlé, Swire Coca-Cola and Dollar General. The offshore model gives these customers a dedicated team that pays more attention to them, and provides leverage for senior sales leaders as well.
Third, the company is preparing to invest in technology. This will give Everest customers a truly best-in-class experience in logistics.
We are proud that Jake, Lev and Phil chose Cambridge as their partners. And we look forward to a bright future for Everest, its terrific people, and its valued customers.
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