The Iowa-based logistics service provider (LSP) The Integration Group (TIG) today said it had acquired Matrix Management, a Chicago-based provider of aftermarket assembly, kitting, and e-commerce fulfillment solutions.
According to Marshalltown, Iowa-based TIG, the deal brings together its expertise in assembly and kitting for highly distributed dealer networks with Matrix’s capabilities to act as an e-commerce fulfillment resource for complex, multipart products of some of the largest brands in the world. Matrix serves customers in the agriculture, construction, lawn-and-garden, recreational, and industrial sectors.
Terms of the deal were not disclosed, but TIG itself is owned by Maxwell Street Capital Partners, a private equity firm focused on transportation, logistics, and route-based services businesses.
“This acquisition advances our buy-and-build strategy of creating a one-stop, value-added supply-chain platform,” Evan Harwood, Managing Partner at Maxwell Street, said in a release. “We will continue to deploy capital and operational expertise so TIG can extend its end-to-end aftermarket solutions and deliver measurable efficiency gains for OEMs and their dealer networks.”
