Intrepid today announced that it served as the exclusive financial advisor to Weber Distribution, LLC (Weber Logistics or Weber) on its sale to company management and Stellex Capital (Stellex), a middle-market investment firm located in New York, N.Y.
Founded in 1924 and headquartered in Los Angeles, Calif. Weber Logistics is the preeminent partner for West Coast importers, a single-source logistics provider with specialized warehousing, transportation, and port services solutions. For the past century, Weber built its reputation as a leading provider of specialized logistics solutions and was recently named as a Top 100 3PL Provider by Inbound Logistics in 2019. The Company is widely recognized as a leader in high velocity distribution, specializing in food-grade, cold storage, chemical, and omni-channel solutions for customers across a variety of end markets, including grocery, confectionary, beverage, and consumer packaged goods.
Nick Weber, Chairman of Weber Logistics, shared: “This is an exciting time for the Weber management team to partner with Stellex to grow the business and carry on the Weber legacy. Intrepid acted as a trusted advisor throughout the entire process. We believe Stellex is a great partner for management due to their experience in the third-party logistics space and their shared vision for growth. We’re excited to see what the Weber team can do from here.”
Weber operates 12 warehouses throughout California offering approximately 2.4 million square feet of storage space and delivers over 740 million pounds of dry and temperature-controlled loads annually, ranging from single pallet to full truckload deliveries. Weber has built one of the most respected brands in the industry with a reputation for consistent, quality service.
“The management team at Weber is thrilled to begin the next chapter in the Weber story with Stellex. From the onset, we sought to find a partner that shared our strategic vision and is capable of supporting our growth plan, both through organic initiatives and through acquisitions,” reflected Bob Lilja, Chief Executive Officer of Weber Logistics. “There is ample opportunity to expand our current DTC and eCommerce capabilities, as well as continue growth within our transportation segments throughout the region. With Stellex’s partnership, the future is bright, and we remain dedicated to providing best-in-class service to our customers.”
“The Weber team has built an incredible legacy within the logistics industry, and we enjoyed serving as a strategic resource to the company. We congratulate the Weber and Stellex teams on the transaction and look forward to watching the company’s continued growth,” said Mike Rosenberg, Senior Managing Director at Intrepid.
Deal Team Contacts
Mike Rosenberg, Senior Managing Director
Jeremiah Mann, Managing Director
Andreea Popa, Director, Marketing & Communications
About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity and creativity to help our clients win big. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.
Investment banking services offered by Intrepid Investment Bankers LLC, a subsidiary of MUFG Union Bank. Member FINRA/SIPC.