Description
Logistik was the leader in managed clothing solutions for large employers in Canada and Australia.
Investment
$24.9M
Industry
Managed Uniform Services
Status
Realized
Clearspring Value Add
- Invested growth capital to de-leverage company and fund acquisition of an Australian business serving the Australian Defence Force.
- Identified management team gaps and recruited a CFO and President of International Business.
- Developed and implemented a strategy over the first 3 months of investment to turnaround and divest previously unprofitable European operations.
- Developed and implemented a strategy to improve profitability of acquired Australian business, which led to significant profit improvements and new customers.
- Opened an Asian sourcing hub to reduce material costs.
- Diversified customer base in Canada beyond primarily military and government services.
221%
EBITDA Growth
78%
Revenue Growth
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