LMS Intellibound Acquired By MSouth Equity Partners

Harris Williams & Co. is pleased to announce the sale of LMS Intellibound, Inc., a portfolio company of MCG Capital Corporation, to MSouth Equity Partners. Harris Williams & Co. acted as the exclusive advisor to LMS Intellibound. The transaction, executed by Harris Williams & Co.’s Transportation & Logistics Group, was led by Bram Hall and Joe Conner from the firm’s Richmond office.

“LMS’s management team has driven significant growth the last several years by serving as a
valuable partner in its customers’ supply chains, generating significant operational efficiencies and substantial cost savings,” said Bram Hall, Managing Director and Head of the Transportation & Logistics Group at Harris Williams & Co.

“This has become increasingly more critical over time, especially as companies continue to look for value-added service providers that can help drive efficiency gains and earnings growth in today’s challenging economic environment. The fact that LMS has continued its strong growth through this period is a testament to the value the Company provides and the strength of the platform the management team has built.”

LMS Intellibound, Inc. (www.lmsintellibound.com), headquartered in Norcross, GA, is a nationwide provider of outsourced warehouse services, with a particular focus on providing unloading services for leading grocery, food service and retail customers. Since 1998, LMS has grown from three locations in one state to 71 locations in 29 states. LMS assists their partners in achieving supply chain improvement goals by reducing costs, improving warehouse productivity and eliminating risks.

MCG Capital Corporation (www.mcgcapital.com) is a commercial finance company providing capital and advisory services to middle market companies throughout the United States. MCG generally funds portfolio companies to finance acquisitions, recapitalizations, buyouts, organic growth and working capital.

MSouth Equity Partners (www.msouthequity.com) is a private equity investment firm that supports management teams with acquisitions and recapitalizations of companies typically valued $25 - 125 million. Based in Atlanta, Georgia, MSouth invests primarily in the southern United States with a consistent focus on management buyouts of distribution, business services and manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen as three of its four founding partners have worked together for many years at CGW.