CIVC Partners, a Chicago-based middle market private equity firm focused on investments in the business service sector, is pleased to announce its investment in OTR in partnership with CEO and founder Jon Braun and the OTR management team.
“We are thrilled to be partnering with the CIVC team” said founder and CEO Jon Braun. “CIVC has been an active investor in the transportation and logistics sector over the past decade and they bring not only extensive industry experience, but also decades of success partnering with founders and management teams to accelerate growth. Our partnership with CIVC will allow us to execute on our growth strategy while continuing to provide unmatched service to our customers.”
John Compall, Partner at CIVC, added that “OTR is a rapidly growing provider of freight brokerage solutions with an exceptional track record of exceeding customer expectations. OTR’s deep operational expertise and proprietary technology platform allow them to tackle customers’ most challenging logistics needs while providing the speed, certainty, and visibility that customers need in order to effectively manage their supply chains. We are looking forward to our partnership with Jon and the rest of the OTR management team to support the Company in accelerating organic growth and pursuing strategic acquisitions.”
About CIVC Partners
CIVC Partners is a Chicago-based private equity firm established in 1970 to provide growth capital to entrepreneurs and founders. Since 1989, CIVC has invested over $2.0 billion in 74 platforms, primarily as growth and buyout capital, along with founders and executives in middle-market companies mainly in the business services sector. CIVC Partners currently invests from CIVC Partners Fund VI. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.