Capstone Headwaters announced the successful closing of a debt financing in connection with a growth investment in QuickBox (“QuickBox”) by Pike Street Capital (“Pike Street”). The transaction closed on November 1, 2019 and the terms were not disclosed.
QuickBox, a provider of third-party fulfillment and logistics solutions to businesses serving the health, wellness, supplements, cosmetics, personal care, pet care, and other consumer packaged goods industries, announced today a major investment by Pike Street Capital (Pike Street), a private equity firm based in Seattle. QuickBox offers a unique suite of services tailored to the needs of its customers in the consumer-packaged goods (CPG) space, including fulfillment, vendor management, and supply-chain integration. The Pike Street investment will build upon this successful value proposition to support the continued growth of the business.
QuickBox got its start in 2009 and quickly established itself as a trusted fulfillment partner of direct-to-consumer (DtC) brands, its specialized focus and commitment to operational excellence fueling the rapid growth of the company. Based in Denver, Colorado, QuickBox opened a second distribution center in Atlanta in 2018, and in 2019 was named to the 2019 Inc. 5000, ranking in the top 10% of the 5000 fastest growing privately held companies in the US. Stephen Adelé will continue as CEO of QuickBox.
Stephen Adelé, QuickBox CEO, said
“We’re committed to our clients’ growth and continued success. With the additional investment and operational support from Pike Street, we’ll be able to deliver even greater value to them through expanded inventory management services, shortened delivery times, and improved end customer experience. We’re excited to move forward with Pike Street to expand the QuickBox platform.”
Dave Dandel, partner at Pike Street Capital, added
“QuickBox’s commitment to operational excellence and strong customer focus is impressive. We’re thrilled to be partnering with such a strong team. There is huge momentum behind the business, and we see tremendous opportunity ahead in the growing e-commerce market.”
QuickBox is a trusted third-party fulfillment partner of direct-to-consumer (DtC) brands. The company offers its clients fulfillment, vendor management, and supply chain integration services. Its specialized focus and commitment to operational excellence led to rapid growth in the health, beauty, and pet segments. QuickBox has more than 300 employees in its Denver headquarters and Atlanta, Ga., distribution center. More information is available at quickbox.com.