GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a full-service logistics company based in Valley Stream, New York, has acquired KSI Corp. (“KSI”, or the “Company”), a provider of customs brokerage services on the west coast. Headquartered in San Francisco, CA, KSI provides customs brokerage services with expertise in the biotech and semiconductor end markets and is one of the largest independent customs brokers in the Bay Area. "The acquisition of KSI strategically complements our success in a number of other verticals where Alba is a nationally-recognized category leader," said Alba Wheels Up CEO Damien Stile. "For over seventy years, Alba's mission has steadfastly remained that our company's success is built on the success of our customers. Carl Bellante, KSI's CEO, and Dennis Siu, KSI's CFO, share that same philosophy." Mr. Bellante and Mr. Siu believe that KSI's customers will benefit from Alba's shared values, including client and employee longevity, thought leadership and similarities in their approaches to trade sensitive sectors that require long-term relationships to build the technical and commercial knowledge required for success. "Dennis and I have known Damien and senior members of the Alba team for more than twenty years. As we evaluated opportunities, Alba presented the best package for our employees and the strongest home for our customers," shared Carl Bellante. KSI’s headquarters in San Francisco will become Alba's fifth office and the second on the west coast. KSI’s San Francisco, CA office expands Alba’s office footprint: Los Angeles, CA; Houston, TX; Jersey City, NJ; and the corporate headquarters in Valley Stream, NY. Southfield Partner Heb James commented, "We are excited to welcome the KSI team to the Alba family and believe it will be a great combination of logistics expertise. Alba is an industry leader in several verticals, including apparel, home furnishings and medical devices. The expansion into semiconductors and biotech will be end markets where Alba can leverage their capabilities to grow its market share and provide additional services." Deerpath Capital Management provided debt financing. Finn Dixon & Herling LLP provided legal counsel to Alba and Southfield Capital. About Alba Wheels Up Alba Wheels Up is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and larger companies. Alba is headquartered in Valley Stream, NY with branch offices in Jersey City, NJ, Houston, TX, Los Angeles, CA and now San Francisco, CA. For more information, please visit www.albawheelsup.com . About Southfield Capital Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. For more information, please visit www.southfieldcapital.com . Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Principal Chris Grambling, Principal Jason Perlroth, Principal & Head of Business Development Josh Sylvan, Vice President Matt King, Senior Associate Logan Vorwerk, Senior Associate Mike Weber, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 140 Greenwich Avenue Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com
NORWALK, CT - Protos Security, a leading technology enabled managed security services platform in North America delivering an integrated suite of physical and technology-based security services to commercial customers, announced today that its Board of Directors has appointed Mark Hjelle as Chief Executive Officer and a member of the Board effective immediately. Protos Security, a portfolio company of Southfield Capital, has continued its strong, double digit organic growth trajectory by leveraging the national managed services platform it has built over several years to deliver security services and provide customers with a unique model that delivers the industry’s best solutions and outcomes. The CEO addition reflects Southfield’s commitment to bringing talent and resources to build upon Protos’ success. Andy Levison, Managing Partner at Southfield Capital, stated, “Now is the right time for a leader with Mark’s experience to help further accelerate Protos’ growth and to continue to make the right investments in the platform, team and technology to extend Protos’ innovative leadership position in the security space. Mark has a tremendous background in building and scaling national businesses leveraging technology while creating a highly engaged and aligned culture.” Mr. Hjelle commented, “I am excited to join Protos at this stage of its growth where there is so much opportunity to serve customers across all end markets with a differentiated model that provides unparalleled security program transparency and flexibility. It is also clear to me that Southfield Capital, the management partners who have joined Protos, and the Protos executive team all share an aligned vision of what can be accomplished with an unrelenting focus on meeting the security service needs of customers. The momentum in the business is simply tremendous. It is an honor and a privilege to be joining Protos as CEO and I look forward to working alongside my Protos colleagues to continue the significant growth trajectory and commitment to delivering value to our clients.” Mr. Hjelle is an experienced Chief Executive Officer and Board Member who has led large, private equity backed national business/facility services firms for nearly 25 years delivering strong top-and-bottom-line growth and building high performing teams with strong culture. Most recently, Mark was CEO for CSC ServiceWorks, a $1.2 billion B2B2C provider of technology-enabled consumer services where he led the development of a proprietary digital platform leveraging IOT, artificial intelligence and machine learning that enabled consumer driven revenue growth and services extensions. Prior to CSC, Mr. Hjelle was President of Brickman/Valleycrest (nka Brightview Holdings (NYSE: BV)), a $2.5 billion national provider of exterior landscape and snow removal services where he led over 20,000 team members across 250 branch offices. Over the course of his 18-year tenure at Brickman, Mr. Hjelle held numerous leadership positions in the areas of operations, finance and business development. Mr. Hjelle earned a Bachelor of Science degree in economics from The Wharton School of Business, University of Pennsylvania and a law degree from the Case Western Reserve School of Law. About Southfield Capital Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. For more information, please visit www.southfieldcapital.com . Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Principal Chris Grambling, Principal Jason Perlroth, Principal & Head of Business Development Josh Sylvan, Vice President Matt King, Senior Associate Logan Vorwerk, Senior Associate Mike Weber, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 140 Greenwich Avenue Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com