Los Angeles, California – Avante Mezzanine Partners (“Avante”) announced today that it has provided subordinated debt and an equity co-investment to support the buyout of Amware Logistics Services (“Amware”) by Rotunda Capital Partners (“Rotunda Capital”). Amware is a premier third-party logistics and order fulfillment provider, operating over 2 million square feet of warehouse space through nine facilities located across the U.S. and Toronto, Canada. Amware provides customer-focused, quality-driven and high value-added customized warehousing and fulfillment solutions such as order and inventory management, pick, pack and ship, kitting and transportation management to small and medium-sized businesses.
“Avante was an excellent partner for Amware and Rotunda,” said John Fruehwirth, Managing Partner of Rotunda Capital. “Avante’s responsiveness and flexible debt and equity capital were key to achieving a timely close.” Corey Whisner, a Partner of Rotunda Capital added, “We appreciated Avante’s value-added, collaborative approach during due diligence and are thrilled to have their support as we invest in Amware to facilitate its next stage of growth.”
“Amware is Avante’s fourth investment in the last year supporting independent sponsors and we are extremely excited to invest with a team as strong and as successful in the logistics industry as Rotunda Capital,” said Jeri Harman, Founder and Partner of Avante. Paul Hayama, Principal of Avante, added “Rotunda, via its industry expertise and operating executive network, is perfectly suited to assist management in continuing its track record of growth. We are thrilled to be an investor in the Company and support Rotunda and management’s growth plans.”