SheerTrans Solutions (Sheer Logistics) completed a debt and equity co-investment with Woodlawn Partners and Monroe Capital. Woodlawn Partners and Monroe Capital partnered with Joe Egertson, the founder of Sheer Logistics, who has retained a significant ownership stake in the business and will continue as CEO. The new capital and partnership will be used primarily for technology product and platform development, growing marketing and sales and other initiatives that will accelerate Sheer’s mission to drive supply chain efficiency, transparency and profitable growth for shippers across the globe.
“Woodlawn and Monroe are experienced investors with a great reputation for truly partnering with management teams to help businesses accelerate growth,” Egertson said. “The partnership brings new capital and perspectives that will serve as the catalyst for the next phase of growth at Sheer.”
Greg Bregstone and operating partners Eddie Leshin and Brian Winshall led the investment for Woodlawn Partners.
“We have a lot of experience with managed transportation, brokerage and logistics tech from early stage to mature companies,” Leshin said.
“After looking at hundreds of brokerages and technology providers as well as numerous providers who either have, or claimed to have managed transportation services, it was obvious that Sheer has a better solution and platform for growth when compared to others.”
“What Joe and the Sheer leadership team have built and the value they have been able to deliver to Sheer’s clients, carriers and partners through superior MTS solution design, implementation, execution and continuous improvement is very impressive. We are extremely excited to support Sheer’s next phase of growth,” Winshall said.
Republic Partners served as the financial advisor to Sheer Logistics.
