Sheer Logistics Announces Growth Investment by Industry Veterans Eddie Leshin and Brian Winshall and Monroe Capital

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Investment will bolster Sheer’s Managed Transportation Services providing

ST. LOUIS, Oct. 7, 2022 /PRNewswire/ — SheerTrans Solutions (“Sheer Logistics”) introduced at present that it accomplished a debt and fairness co-investment with business veterans Eddie Leshin and Brian Winshall of Woodlawn Partners and Monroe Capital LLC. Woodlawn Partners and Monroe Capital partnered with Joe Egertson, the founder of Sheer Logistics, who has retained a important possession stake within the business and will proceed as CEO. The new capital and partnership might be used primarily for know-how product & platform growth, rising advertising and marketing & gross sales, and different initiatives that may speed up Sheer’s mission to drive provide chain effectivity, transparency, and worthwhile development for shippers throughout the globe.

Sheer Logistics has constructed business main Managed Transportation Services (MTS) confirmed to ship effectivity beneficial properties by integrations & automation, value reductions by procurement & optimization, visibility & agility by management towers, improved strategic administration by automated knowledge seize & business intelligence instruments, and long-term partnerships of considerable worth to their shoppers. While MTS and Transportation Management Systems (TMS) have a confirmed want and worth for shippers of all sizes, most MTS & TMS suppliers have targeted on the most important shippers leaving the mid-market underserved. Sheer Logistics makes a speciality of offering MTS options to mid-market shippers which have an annual transportation spend spanning $5M to $100M. Sheer Logistics constructed proprietary middleware know-how confirmed to considerably scale back implementation time, complexity, and assets which has been a problem for a lot of shippers, MTS suppliers, and TMS suppliers. In addition to MTS, Sheer Logistics gives multi-modal Brokerage, Freight Audit & Pay, SaaS TMS, and different complementary providers, all of which deal with transparency and strategic worth past a commoditized transaction.

“Woodlawn and Monroe are experienced investors with a great reputation for truly partnering with management teams to help businesses accelerate growth,” stated Joe Egertson, Founder and CEO of Sheer. “The partnership brings new capital and perspectives that will serve as the catalyst for the next phase of growth at Sheer.”

Greg Bregstone and working companions Eddie Leshin & Brian Winshall led the funding for Woodlawn Partners. Eddie Leshin was a former govt at American Backhaulers, C.H. Robinson, and Coyote Logistics. Brian Winshall, who additionally labored at American Backhaulers and C.H. Robinson, was additionally a former govt at AFN and GlobalTranz. The expertise and assets of the Woodlawn group will assist Sheer appeal to new expertise, speed up development, and improve the worth Sheer delivers to its shoppers, carriers, and companions.

“We have a lot of experience with Managed Transportation, Brokerage, and logistics tech from early stage to mature companies,” stated Eddie Leshin, Operating Partner of Woodlawn Partners.

“After looking at hundreds of brokerages and technology providers as well as numerous providers who either have, or claimed to have Managed Transportation Services, it was obvious that Sheer has a better solution and platform for growth when compared to others.

“What Joe and the Sheer management group have constructed and the worth they’ve been in a position to ship to Sheer’s shoppers, carriers, and companions by superior MTS resolution design, implementation, execution, and steady enchancment is very spectacular. We are extraordinarily excited to assist Sheer’s subsequent section of development,” stated Brian Winshall, Operating Partner of Woodlawn Partners.

Republic Partners served as the monetary advisor to Sheer Logistics.

About Sheer Logistics

Sheer Logistics focuses on transparency and worth offering shoppers with a complete providing of technology-enabled provide chain and logistics options together with managed transportation, multi-modal brokerage, consulting, and different complimentary providers. Sheer Logistics constructed proprietary middleware that considerably reduces the complexity, time, and total assets required for integration, ongoing knowledge alternate, and surfacing actionable intelligence. Sheer makes use of a consultative method to assist companies unlock their provide chain potential with built-in options, business main software program, and a extremely skilled employees of provide chain professionals. For extra data, please go to www.sheerlogistics.com.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier boutique asset administration agency specializing in non-public credit score markets throughout numerous methods, together with direct lending, asset-based lending, specialty finance, opportunistic and structured credit score, and fairness. Since 2004, the agency has been efficiently offering capital options to shoppers within the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly accomplice to business house owners, administration, and each non-public fairness and impartial sponsors. Monroe’s platform gives all kinds of funding merchandise for each institutional and excessive internet price buyers with a deal with producing prime quality “alpha” returns no matter business or financial cycles. The agency is headquartered in Chicago and maintains workplaces in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul.

Monroe has been acknowledged by each its friends and buyers with numerous awards together with Global M&A Network because the 2022 Small Mid-Markets Lender of the Year, Americas; Private Debt Investor because the 2021 Senior Lender of the Year, 2021 Lower Mid-Market Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For extra data, please go to www.monroecap.com.

About Woodlawn Partners

Located in Chicago, Woodlawn Partners acquires companies and turns into instantly concerned in serving to them to attain long-term potential. The firm’s main accountability is to offer continued alternatives for workers and worth to clients whereas additionally tailoring every transaction and succession technique round a business proprietor’s private and monetary wants. For extra data, please go to www.woodlawnpartners.com.

SOURCE Sheer Logistics



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