Private equity firm Seacoast Capital said Wednesday it has invested $20 million in regional parcel delivery carrier Lone Star Overnight, more commonly known as LSO in the parcel trade.
Boston-based Seacoast said in a statement that the investment consists of subordinated debt and preferred equity. The proceeds will be used to buy out an unidentified minority shareholder, refinance part of LSO’s debt and to ”support the near-term growth” of the carrier’s business, Seacoast said.
Austin,...
https://www.freightwaves.com/news/seacoast-capital-invests-20m-in-regional-delivery-provider-lso