Ridgemont Equity Partners, a private equity firm focused on the middle market, has announced a significant investment in RoadOne IntermodaLogistics (“RoadOne”), the largest independent provider of intermodal logistics solutions in North America. This recapitalization is in partnership with RoadOne’s management team, co-founders Ken Kellaway and David McLaughlin, and Nonantum Capital Partners, who remain invested after their initial majority stake acquisition in 2019.
RoadOne operates as a critical component of the North American supply chain, specializing in “port-to-floor” intermodal logistics services. Their comprehensive service suite includes transloading, warehousing, drayage, terminal operations, and dedicated truckload transportation. With a robust network of over 100 service centers, 8 transload facilities encompassing over three million square feet, and a fleet of over 2,000 drivers, RoadOne is a key partner for cargo owners, steamship lines, and logistics providers seeking efficient and reliable freight movement.
Charles Anderson, Partner at Ridgemont Equity Partners, stated, “We have been impressed by RoadOne’s success and are excited to collaborate with their leadership team in this next phase, alongside Nonantum. RoadOne’s market leadership and strong value proposition position them for continued growth through service and geographic expansion, strategic acquisitions, and technology investments. They are a vital partner within the supply chain ecosystem.”
Rob Edwards, Managing Partner at Ridgemont, further emphasized the strategic fit: “This investment in RoadOne marks Ridgemont Equity Partners’ eighth logistics platform investment. It aligns perfectly with our portfolio of asset-light supply chain service providers across omnichannel shipping, freight forwarding, eCommerce fulfillment, and brokerage. RoadOne’s experienced leadership in a large and growing market presents a significant opportunity for continued success.”
Jon Biotti, Managing Partner at Nonantum Capital Partners, also expressed enthusiasm for the ongoing partnership: “We are thrilled to continue supporting RoadOne’s journey. Their growth through strategic acquisitions and operational improvements has created a resilient and diversified business with exceptional customer loyalty. We are confident in RoadOne’s future and share a unified vision with management and Ridgemont Equity Partners.”
Ken Kellaway, CEO of RoadOne IntermodaLogistics, highlighted the benefits of the transaction: “This partnership with Ridgemont infuses significant growth capital into RoadOne, while maintaining our valuable relationship with Nonantum. Our team is eager to build upon our 35-year track record of expanding our service offerings and national network to meet the evolving needs of our global customer base.”
The financing for this transaction was secured by a group of leading investors led by Barings and Churchill Asset Management. William Blair served as financial advisor to Ridgemont, while Stifel and Harris Williams advised RoadOne and Nonantum. Legal counsel was provided by Alston & Bird and Goodwin Procter for Ridgemont and RoadOne, respectively. The financial details of the transaction remain undisclosed.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based private equity firm specializing in buyout and growth capital investments in middle market companies. With nearly three decades of experience, Ridgemont focuses on business and tech-enabled services, industrial growth, and healthcare sectors. Their industry-focused investment approach is designed to build market-leading companies. For more information, visit www.ridgemontep.com.
About RoadOne IntermodaLogistics
RoadOne IntermodaLogistics and its affiliates deliver comprehensive, single-source logistics solutions across North America. Their services include high-quality port and rail drayage, terminal operations, dedicated truckload solutions, transloading, and warehousing and distribution. To learn more, visit www.roadone.com.
About Nonantum Capital Partners
Nonantum Capital Partners, based in Boston, is a middle-market private equity firm founded in 2018. Nonantum invests in family and founder-owned businesses, corporate carve-outs, and complex situations, focusing on value creation through partnership. For more information, visit http://nonantumcapital.com/.
