CVF Completes Follow-on Expansion Investment In Source Logistics
Additional capital infusion would enable Source to execute on its growth opportunities
The Central Valley Fund (CVF), a private investment fund focused on middle market Central Valley companies, has completed a follow-on expansion capital investment of $750,000 into Source Logistics.
CVF made its first investment of $2.75 million into Source in the first quarter of 2008.
Since CVF funded its initial investment, Source has continued to build closer relationships with Mexican and Latin American food and beverage manufacturers, who want to introduce their local brands into the US market.
The follow-on equity investment aims to assist Source with expanding its infrastructure to accommodate new growth opportunities.
Marcelo Sada, President and CEO, Source, said: It has been a privilege to partner with CVF. Their understanding of the business has become instrumental in assisting the management team with its strategic, operational, and financial planning. By allowing the Company to invest in its infrastructure, this additional infusion of capital enables Source to execute on its growth opportunities and continue to be a leader in the Hispanic logistics business.
Los Angeles-based Source provides third-party logistics solutions for the storage and freight handling needs of Mexican and Latin American consumer products manufacturers.
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