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OneCompass Holdings, a Dublin-based holding company, has made its first investment in a minority-owned logistics provider by acquiring a 30% equity stake in Columbus-based Evolve Global Logistics. This acquisition includes an option to purchase an additional 19% of the company.
Matt Hartman, Chairman and CEO of OneCompass Holdings, expressed enthusiasm about the investment, highlighting Evolve Global Logistics’ proven track record in delivering excellence to its customers, employees, partners, and the community.
This collaboration aims to provide Evolve with the resources necessary to support its growth and operations, enhancing its efficiency and capacity to serve a broader customer base.
Carlton Dean, CEO of Evolve, expressed gratitude toward OneCompass, stating that this partnership is essential for achieving the company’s goals in the logistics industry, particularly concerning community service.
As part of the investment, Mike Giannantonio, Chief Growth and Strategy Officer at OneCompass, and Brad Wright, President of FST Logistics, will join Evolve’s fiduciary board. Evolve will continue to operate as a separate entity, with no legal connection to FST, OneCompass’ original portfolio company.
With this investment, OneCompass Holdings plans to continue its strategy of acquiring and investing in minority-owned businesses, thereby strengthening its portfolio and commitment to diversity and inclusion in the logistics sector.
