August 10, 2010 — Yukon Partners (Yukon) announced today that it has completed an investment in Satellite Logistics Group (SLG), a Houston-based provider of logistics solutions and related services for the beverage industry. The transaction closed on June 9, 2010. Yukon supported Morgenthaler Private Equity (MPE), a lower middle market private equity firm, in the transaction.
SLG is a leading asset-light provider of logistics solutions to the beverage industry with eleven distribution and consolidation centers located near major ports and transportation hubs throughout the U.S. Specifically, SLG is the market leader in import keg management, servicing nearly every major U.S. importer. The company’s unmatched route density, comprehensive enterprise infrastructure and highly efficient logistics network enable it to expedite the keg return process and to increase keg fleet return on investment for SLG customers.
“We are pleased to be working with the Yukon Partners team again. Their desire to support Morgenthaler Private Equity on the recapitalization of SLG was evidenced by their willingness to commit themselves to a deep understanding of the business and the industry through their thorough due diligence approach,” said Karen Tuleta, a Partner at MPE.
“Satellite is a high-quality organization with a strong leadership team. Morgenthaler’s strategic partnering approach will further enhance Satellite’s dominant niche market position. We are excited to support Morgenthaler in this transaction, and we appreciate the strength of the relationship we have developed with their team over the years,” stated Bill Dietz, a Managing Partner at Yukon.
About Yukon Partners
Yukon Partners is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings.
About Satellite Logistics Group
Satellite Logistics Group, www.slg.com, founded in 1984 and headquartered in Houston, Texas, is a leading international provider of innovative, integrated logistics solutions for the beverage industry. Satellite has expertise in serving domestic and international beverage companies and has established itself as the leading provider of comprehensive reverse logistics services.
About Morgenthaler Private Equity
Morgenthaler Private Equity is a lower middle market private equity firm that has partnered with managers of manufacturing and business service companies for over twenty years. The firm invests primarily in founder- and family-owned businesses valued from $50-$250 million.
For more information, please contact:
William L. Dietz