Pike Street Capital Backs Investment in El Mar Logistics
El Mar’s integration with QuickBox Fulfillment expands location and service options
Seattle, Wash. – November 17, 2022 – Pike Street Capital, LLC (Pike Street) portfolio company QuickBox Fulfillment (“QuickBox”) announced a strategic investment in El Mar Logistics (“El Mar”), a provider of warehousing, fulfillment, and distribution services based in Carson, CA. The transaction adds a fourth geography to the QuickBox network in a highly desirable Southern California location, providing clients with additional service options on the west coast. Pike Street Capital provided additional capital to support the investment.
With strategically located facilities in Carson, CA, Wayne, NJ, Denver, CO, and Atlanta, GA, the acquisition of El Mar enables QuickBox to deliver more value to its clients, including easy access to major US ports. In addition, inventory can be stored closer to customers across the US, resulting in faster time-to-home and opportunities to strategically diversify and offer lower shipping costs.
“El Mar and QuickBox are a great fit,” said QuickBox CEO Irene Scharmack. “Together, we’re able to increase the value we can provide our collective clients and their end customers – with more locations, expanded service capabilities, and combined expertise. We are so excited to bring everyone together to build an even stronger team.”
El Mar Logistics operates 200,000+ sq.ft of warehouse space in Carson, CA, located near major highways and the ports of Los Angeles and Long Beach. Family-owned and operated since its start in 1966, El Mar brings additional expertise in eCommerce, retail, and wholesale fulfillment services to the QuickBox network.
“This is a great opportunity for El Mar and QuickBox to accelerate their growth,” said Paul Caragher, Partner at Pike Street. “Fulfillment is a very dynamic industry that adapts rapidly to changing market demands. By joining forces, the two companies can offer more to their clients – and their clients’ customers.”
Pike Street Capital invests in middle-market companies with leading market positions, strong management teams, and discernible growth drivers. The firm targets sectors serving professional customers and B2B growth where it has relevant investing and operating experience, including industrial technology, specialty manufacturing, distribution & logistics, and business services. The firm’s $237M over-subscribed inaugural fund closed in November 2020.
About El Mar Logistics
For over 40 years, El Mar Logistics has been helping clients ensure a seamless supply chain operation, providing warehousing, shipping, and fulfillment services across a range of industries and product types. The experienced El Mar team takes complex logistics off the hands of its clients, freeing them up to focus on other important aspects of their business. El Mar operates over 225,000 square feet of warehouse space on its Carson, CA campus, located near major highways and the ports of LA and Long Beach. More information is available at https://www.elmarlogistics.com.
About QuickBox Fulfillment
QuickBox is a trusted third-party fulfillment partner of direct-to-consumer (D2C) brands. The company provides eCommerce fulfillment, Amazon support services, reverse logistics, and value-added services, as well competitive shipping rates. As brands grow, and the end-market continues to shift, QuickBox works alongside the brands in a consultative manner to expand their reach into retailers and wholesalers. This partnership approach and commitment to operational excellence has led to the rapid growth of QuickBox, which can now support nationwide two-day time-to-home shipping. More information is available at www.quickbox.com.