Eastport Holdings, LLC
Headquartered in Memphis, TN
Current Investment
- http://www.eastportholdings.com
- Eastport Holdings is SouthWorth’s investment platform in the advertising industry. Since 2011, SCM has completed 21 acquisitions on behalf of Eastport Holdings. In this time, Eastport has never lost a client or key employee due to an acquisition.
- Eastport represents the genesis of our “House of Brands” concept and was built with the strategy of enabling our portfolio companies to “Say Yes to the Customer”.
Fremont-Wright, LLC
Headquartered in Memphis, TN
Current Investment
- https://fremontwright.com
- Fremont-Wright is a diversified platform of engineering, architecture, and surveying firms. Fremont-Wright’s operating companies offer services civil and structural engineering, architecture, master planning, and design, as well as land and aerial surveying.
- Fremont-Wright is also structured as a “House of Brands” with a focus on enabling our operating companies to “Say Yes to the Customer”.
Ascension Property Services
Headquartered in Memphis, TN
Current Investment
- Ascension Property Services is SouthWorth’s investment in the building services space. The Ascension operating companies offer a variety of building services to commercial, industrial, municipal, and multi-family customers, including electric, HVAC, and painting.
- Founded in 2019, Ascension is aggressively pursuing acquisition opportunities as it continues to develop the “House of Brands”.
Riverhorse Logistics, LLC
Headquartered in Memphis, TN
Current Investment
- http://www.riverhorselogistics.com/
- River Horse Logistics is a diversified platform of logistics companies. The operating companies in this investment offer a variety of 3PL services including LTL and full truckload, cross-docking, fulfillment, warehousing, and freight brokerage.
- Founded in 2016, River Horse operates a “House of Brands” primarily serving customers from the West Coast to the MidWest.
TruWorth Rentals
Headquartered in Memphis, TN
Current Investment
- TruWorth Rentals is an investment focused on rent-to-own portable buildings. TruWorth owns and controls a portfolio of rental contracts and is invested in a manufacturer to whom TruWorth provides strategic and financial guidance.
- TruWorth was founded in 2019 and is currently acquiring contracts across the central and southern United States.
Capital Extension Crane & Lift
Headquartered in Memphis, TN
Current Investment
- Capital Extension Crane & Lift represents an investment into the equipment rental business. CapEx Lift was formed in a response to shifting dynamics around capital expenditures and completed its first two acquisitions in the 1st quarter of 2021.
- This investment is in the acquisition phase as we look to achieve scale through acquisition using the “House of Brands” model.
City Gear, LLC
Headquartered in Memphis, TN
Realized Investment
- http://www.citygear.com
- City Gear is a footwear and apparel retailer, featuring major brands such as Nike, Jordan, and adidas. As of 2018, City Gear was operating nearly 130 stores across the Southern and Central US.
- Hibbett Sports acquired City Gear in November 2018. Hibbett Sports is a publicly traded retailer operating over 1300 stores in the US, has a similar physical footprint, and is one of Nike’s preferred retail partners.
- Through the investment timeline, SouthWorth led 3 transactions on behalf of City Gear, arranged for bank facilities to accommodate an annual 10% store count growth, and directed the sell-side process to Hibbett.
Online Tech Stores, LLC
Headquartered in Reno, NV
Realized Investment
- http://www.suppliesoutlet.com
- Online Tech Stores is a wholesale distributor and online retailer of compatible imaging supplies and accessories, including laser printer toner & ink cartridges, toner, ribbons and thermal fax consumables.
- Blackford Capital, a private equity firm from Grand Rapids, MI, with extensive industry experience purchased OTS in an asset purchase in February 2018.
- SouthWorth assisted OTS with analysis & capital in expanding from the original Reno & Memphis facilities in order to gain faster distribution at lower costs to key areas by opening 3 additional distribution centers and managed the sell-side process to Blackford.
Vero Business Capital, LLC
Headquartered in Memphis, TN
Realized Investment
- http://www.verobc.com
- Vero Business Capital is a specialty finance company, factoring accounts receivables for companies in the transportation industry.
- Love’s Financial, a member of the Love’s Family of Companies, acquired Vero in July 2020. Love’s is a nationwide network of travel stops. Through its financial services company, Love’s provides freight factoring solutions with added services such as fuel and tire discounts.
- SouthWorth acquired Vero in August of 2016, overhauled the management team, replaced the accounting & operating systems with an integrated solution, re-financed the business, and acquired Foley Business Capital, before selling to Love’s.
