Bridgepoint Investment Banking Arranges Growth Capital for JT Logistics
January 9, 2023 – Des Moines, IA – Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole financing arranger to JT Logistics on their growth capital financing with Old National Bank and Peoples Bank.
JT Logistics (“JT” or the “Company”), recognized by Inc. 5000 as one of the fastest-growing private companies in the U.S., is a warehousing and transportation company in the 3rd party logistics and supply chain industries, headquartered in Des Moines IA. Over the last 9-months, JT has acquired two logistics companies and opened a new 330,000 square foot warehouse to continue its expansion across the country. The expansion strengthens their ability to service clients coast-to-coast and offer additional expertise and services to their customer base.
“At JT Logistics, we are always striving for growth and innovation, and this new capital will allow us to take our business to the next level,” said Jamie Cord, President and CEO of JT Logistics. “We are grateful to have Bridgepoint’s expertise and guidance on our side. With this new funding, JT Logistics is well-positioned to continue our expansion and “Create Amazing” for our clients every day. We look forward to the exciting opportunities and developments that this growth capital will bring. Thank you to Bridgepoint Investment Banking for their partnership and support in this process.”
Bridgepoint Managing Director, Mike Letsch added, “JT Logistics is a leader in the industry, and we are confident that this new funding will allow them to continue their rapid expansion and solidify their position as a go-to partner for businesses in need of reliable and efficient warehousing solutions. The team that Jamie and Troy have built is exceptional and we are honored they chose us!”
About Bridgepoint Investment Banking
Bridgepoint Investment Banking, a division of Bridgepoint Holdings NE, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including transportation, industrials, healthcare, business and IT services, technology and consumer and retail. Learn more about Bridgepoint at bridgepointib.com.
About JT Logistics
JT Logistics is a transportation and supply chain leader in the third-party logistics industry. With over 3 million square feet of storage across 17 U.S. locations, we provide state-of-the-art warehouse, transportation, and fulfillment services to clients worldwide. Strategically headquartered in the heartland, JT Logistics goes beyond for your company.