BlueGrace Logistics Buys Anthym
BlueGrace Logistics has acquired Anthym
Logistics, a freight broker with its primary offices in Tampa and
Chicago. This is the first external transaction for BlueGrace since
it partnered with private equity firm Warburg Pincus in 2016 to add
investment capital to fuel the rapid growth of its business.
Anthym Logistics was formed in October, 2019 out of the merger
between Atomic Transportation and Cousins Logistics. The combined
entity boasts a bevy of highly respected logistics industry leaders,
including Michael Redisch, Jonathon Swart, and Eddie Leshin, a
30-year 3PL veteran with experience at C.H. Robinson, Coyote
Logistics, and American Backhaulers.
With striking similarities to BlueGrace Logistics in terms of
geography and focus, Anthym Logistics employees are also
concentrated in Tampa and Chicago, and it prides itself on being a
tech-enabled, people-centric firm. The full truckload customers at
Anthym are entirely complementary to the current BlueGrace sales
mix. The team at Anthym has a strong presence in the produce
industry utilizing refrigerated carriers, which fills a growing
demand for BlueGrace customers.
“We are extremely pleased to find a deeply experienced and trusted
partner in BlueGrace to continue building value for our exciting
roster of customers,” commented Eddie Leshin, who will remain at
BlueGrace and serve as a Senior Advisor to the CEO. “With its best
in class LTL expertise and well-respected managed transportation
services platform, BlueGrace can offer the clients we have developed
at Anthym Logistics a full suite of technology and reporting
capabilities to help manage and grow their businesses,” added Mr.
a result of this merger, BlueGrace enhances its commanding presence
in its two largest locations, and they add new offices in Boca
Raton, FL and Birmingham, AL. With the purchase of Anthym, BlueGrace
Logistics will now cover 15 regional and branch locations across the
United States. This development comes on the heels of a very
exciting year in 2019, in which BlueGrace celebrated its 10-year
anniversary, generated revenues over $360 million, and grew its full
truckload shipments by over 45%.
“I am extremely pleased to announce this strategic transaction,”
added Bobby Harris, BlueGrace Logistics Founder and CEO. “The
leaders of Anthym Logistics are some of the most highly respected
members of the logistics community. With sales expertise across all
modes of transportation, BlueGrace is gaining an incredible bevy of
supply chain talent that would otherwise require many years to
develop internally. We are making a giant leap forward today that
will ensure we maintain and even accelerate the momentum that we
have developed over the last decade,” said Harris.