US Shipping Partners
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US Shipping Partners - overview
Established
2002
Location
Edison, NJ, US
Primary Industry
Logistics & Distribution
About
US Shipping Partners offers logistical solutions focusing on streamlining operations in the shipping industry, emphasizing technology-driven processes to enhance efficiency and cost-effectiveness. Founded in 2002 in Edison, US, US Shipping Partners specializes in providing logistics and shipping solutions. The company underwent a restructuring in 2009 to adapt to market demands. It has completed a total of four deals, with the most recent deal occurring on July 17, 2009.
The company raised USD 500. 000 mn in a PIPE round led by the Blackstone Group, amounting to the total funding raised. US Shipping Partners specializes in providing innovative logistical solutions tailored to meet the challenges faced by shipping and logistics sectors. Their core offerings include advanced technological tools that enhance operational efficiency through real-time data analytics and automation features, serving a diverse clientele across North America, Europe, and Asia.
In 2008, US Shipping Partners reported revenue of USD 196. 44 mn, with an EBITDA of USD -29. 75 mn for the same year. The company’s revenue model is primarily subscription-based, allowing clients access to their tools and services under annual contracts that include continuous support and updates.
US Shipping Partners plans to launch new products aimed at enhancing their technological capabilities, with releases expected in the near future. The company is targeting expansion into European and Asian markets by 2011, leveraging recent funding to support these initiatives and improve their service offerings. The company previously went partially public in 2004, which may facilitate further growth.
Primary Industry
Logistics & Distribution
Sub Industries
Freight Transportation Services
Website
www.usslp.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
US Shipping Partners - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restructuring | Completed | US Shipping Partners | - | ||||||||
| PIPE | Completed | US Shipping Partners | - | ||||||||
| IPO | Completed | US Shipping Partners | - | ||||||||
| Buyout | Completed | US Shipping Partners | - |
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