Argosy Private Equity Announces the Sale of DSI Logistics

Argosy Private Equity

WAYNE, PAArgosy Private Equity, a lower middle market private equity firm, this week announced the sale of DSI Logistics Holding, LLC to Pilot Freight Services.

Founded in 1997, DSI is a non-asset-based third-party logistics firm that specializes in white-glove, “last-mile” home delivery and distribution services for retailers nationwide. DSI is focused on hard good categories including home furnishings, mattresses, electronics and appliances.

In February 2019, Argosy partnered with minority investor Headhaul Capital Partners, a private equity firm that focuses on the transportation, logistics and distribution industries to acquire DSI. After the initial investment, Argosy immediately began to implement its Value Acceleration Methodology (“VAM™”), by expanding DSI’s delivery footprint, increasing its focus on smaller customers and initiating a strategic planning process.

“DSI’s 20% annual revenue growth rate is outpacing both the market and its peers. The most impressive aspect of DSI’s strong growth over the last two years is entering 15 new states and markets, while still maintaining the high level of customer service that our clients have come to expect,” said Keven Shanahan, Partner, Argosy Private Equity.

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“Argosy and Headhaul have been great partners for us and were extremely helpful and influential in our growth. Their biggest contribution was working with us to build the operational foundation to support growth by enhancing both our people and our capabilities,” said Jim Forman, the CEO at DSI.

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