{"id":453862,"date":"2021-03-09T09:33:13","date_gmt":"2021-03-09T14:33:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453862"},"modified":"2021-03-09T09:33:13","modified_gmt":"2021-03-09T14:33:13","slug":"granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\/","title":{"rendered":"Granite Creek Capital Partners, L.L.C. Announces Acquisition of Canada-Based Radius Global Solutions, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">CHICAGO and CHINO, Calif. and SURREY, British Columbia, March  09, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=h4Q-G2-Z06YJHHvrtKjh7xfBaPP6gBOebGX7bVoyszP_eirHOoaDkXYtjKzZx_oy3sqiIs9yP_J6j7YNdmRrxi77x8mAR4bjg3qVWgHScO6fVrZcC9mwfp5fe50ufbsz\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Granite Creek Capital Partners, L.L.C.<\/a>, a private investment firm based in Chicago, today announced its portfolio company, Sunset Pacific Transportation, Inc. (\u201cSunset Pacific\u201d), acquired Radius Global Solutions, Inc. (\u201cRadius Logistics\u201d), a Canadian corporation.<\/p>\n<p align=\"left\">\u201cThe acquisition of Radius Logistics represents a significant addition to the fast-growing Sunset Pacific platform, bringing together two operationally-strong companies and expanding their geographic footprint to include two of North America\u2019s major logistics hubs,\u201d said Brian Boorstein, Co-founding Partner of Granite Creek. \u201cIn particular, the acquisition of Radius Global Solutions will provide Sunset Pacific with a strong footprint in Canada.\u201d<\/p>\n<p align=\"left\">Granite Creek partnered with supply chain and logistics expert Red Arts Capital and senior lender TCF Funding to acquire Sunset Pacific in September 2019. Sunset Pacific is an asset-light consolidator and logistics provider focused on the niche between less-than-truckload and truckload shipments, known as volume LTL. Operating out of its facility in Chino, CA, Sunset Pacific provides consolidation services and delivers nationwide directly to its customers. \u00a0\u00a0<\/p>\n<p align=\"left\">British Columbia-based Radius Logistics is also an asset-light third-party logistics company that provides logistics services, including less-than-truckload transportation, cross-border consolidation, intermodal, specialty truckload and flatbed, and warehousing services throughout Canada and the United States.\u00a0With Sunset Pacific and Radius Logistics coming together, Red Arts will oversee both subsidiaries and facilitate bringing the company\u2019s suite of capabilities to its broad customer base across North America.<\/p>\n<p align=\"left\">\u201cThis combination creates a unique integrated warehousing and logistics platform capable of serving a comprehensive set of customers with an expansive array of supply chain services to meet their global supply chain needs,\u201d said Chad Strader, Co-Founder and Co-CEO of Red Arts Capital. \u201cBy consolidating freight in our Southern California and Vancouver locations in conjunction with our ability to coordinate and offer trucking, rail, and air transportation under one roof, we can deliver a customized, cost-effective service that spans the U.S. and Canada. This marks our first step in augmenting our service offerings, and we will look to add additional ones through other acquisitions.\u201d<\/p>\n<p align=\"left\">\n        <strong>About RAC Sunset, Inc.<\/strong><br \/>\n        <br \/>RAC Sunset, Inc., headquartered in Chicago, serves as the holding company for Sunset Pacific Transportation, Inc., Sunset Pacific Logistics, Inc. and Radius Global Solutions, LLC. RAC Sunset is one of North America\u2019s leading consolidators and logistics providers, offering volume LTL, truckload, and less-than-truckload alternatives to direct shippers and 3PLs as well as rail \/ intermodal, port drayage and transloading shipment services from its integrated warehouses. Operating out of its Chino, CA and Surrey, B.C. facilities, the company\u2019s geographic footprint is strategically located in two major gateways for North American freight flows, enabling it to provide an extensive suite of supply chain services to global customers.<\/p>\n<p align=\"left\">\n        <strong>About Granite Creek Capital Partners, L.L.C.<\/strong><br \/>\n        <br \/>Founded in 2005, Granite Creek Capital Partners, L.L.C. is a Chicago-based private investment firm focused on providing capital and operational resources to lower middle market companies engaged in manufacturing, business services, healthcare, and agribusiness. With an experienced team of investment professionals bringing expertise in private equity, banking, operations, and business development, Granite Creek has a successful track record of investing in and supporting its portfolio companies. In addition to providing funding to lower middle market companies, in 2011 Granite Creek co-founded Renovo Financial, one of the largest regional private lenders serving real estate entrepreneurs.\u00a0\u00a0 Granite Creek was recently named to <em>Inc.\u2019s<\/em> 2020 Private Equity 50 list. For more information on Granite Creek, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pw2uxWN1HNiBsuoJZQhzts3XmLOnUsUBDAbKVQB4Go5EQHl9nvAQi8aYAKG9vHRWtjtX-l8j6RK5U1ZwYdEtAWXl4afuxNdPj4Uu1Em5l0Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.granitecreek.com<\/a> or call 312-895-4500.<\/p>\n<p align=\"left\">For more media information, contact:<br \/>Lisa Hendrickson, LCH Communications<br \/>516-767-8390<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0pdOQa4GYfTwDLqFh-d7TRVm10P-GYrBxTVy9MLnyCpUV-Hc0E4WnDcxDUi0Ns7kVrBLu29wb7WuYkyAxj66M1NeK3kgaX0YKFV6J9PRsvf535CgFv1P_HmKEcAb87F_\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lisa@lchcommunications.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjM1OCM0MDUzODQxIzIxODU0ODI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/12161ff7-cdce-4d23-9694-5b0b58760215\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO and CHINO, Calif. and SURREY, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced its portfolio company, Sunset Pacific Transportation, Inc. (\u201cSunset Pacific\u201d), acquired Radius Global Solutions, Inc. (\u201cRadius Logistics\u201d), a Canadian corporation. \u201cThe acquisition of Radius Logistics represents a significant addition to the fast-growing Sunset Pacific platform, bringing together two operationally-strong companies and expanding their geographic footprint to include two of North America\u2019s major logistics hubs,\u201d said Brian Boorstein, Co-founding Partner of Granite Creek. \u201cIn particular, the acquisition of Radius Global Solutions will provide Sunset Pacific with a strong footprint in Canada.\u201d Granite Creek partnered with supply chain and logistics expert Red Arts Capital and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite Creek Capital Partners, L.L.C. Announces Acquisition of Canada-Based Radius Global Solutions, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453862","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite Creek Capital Partners, L.L.C. Announces Acquisition of Canada-Based Radius Global Solutions, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Creek Capital Partners, L.L.C. Announces Acquisition of Canada-Based Radius Global Solutions, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO and CHINO, Calif. and SURREY, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) &#8212; Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced its portfolio company, Sunset Pacific Transportation, Inc. (\u201cSunset Pacific\u201d), acquired Radius Global Solutions, Inc. (\u201cRadius Logistics\u201d), a Canadian corporation. \u201cThe acquisition of Radius Logistics represents a significant addition to the fast-growing Sunset Pacific platform, bringing together two operationally-strong companies and expanding their geographic footprint to include two of North America\u2019s major logistics hubs,\u201d said Brian Boorstein, Co-founding Partner of Granite Creek. \u201cIn particular, the acquisition of Radius Global Solutions will provide Sunset Pacific with a strong footprint in Canada.\u201d Granite Creek partnered with supply chain and logistics expert Red Arts Capital and &hellip; Continue reading &quot;Granite Creek Capital Partners, L.L.C. Announces Acquisition of Canada-Based Radius Global Solutions, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T14:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjM1OCM0MDUzODQxIzIxODU0ODI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-creek-capital-partners-l-l-c-announces-acquisition-of-canada-based-radius-global-solutions-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Granite Creek Capital Partners, L.L.C. 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