Daily News: July 13, 2012

Morgan Joseph Advises Eclipse Advantage in Acquisition


The Industrial Investment Banking Group of Morgan Joseph TriArtisan was exclusive financial advisor to Eclipse Advantage on its acquisition by the Chicago-based private equity firm LaSalle Capital Group. Eclipse is a third-party logistics provider based in Orlando.

Founded in 2003 and headquartered in Orlando, FL, Eclipse’s growth strategy is built around becoming the leading service provider in the highly fragmented warehouse management services industry. Eclipse focuses on the foodservice, grocery, and retail end markets, and operates in 22 states, Washington D.C., and Canada.

LaSalle Capital manages approximately $330 million of committed capital across two funds and invests in and helps grow lower middle market businesses, with a focus on the outsourced business services, value-added distribution/manufacturing, and food & beverage sectors.

Eclipse’s co-founders, Edward Wickey and David Simono, will continue in their current roles as CEO and president, respectively.

The Morgan Joseph TriArtisan Industrial Group team advising Eclipse was led by Stephen Clarke, managing Director, and included Brian Gallagher and Greg Lisman.

Morgan Joseph TriArtisan LLC is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing.