AV Launches Port Logistics Group with 3 Acquisitions

Austin Ventures (“AV”), one of the nation’s leading venture and growth capital firms, announces the acquisition of three companies to launch Port Logistics Group (“PLG”). The investment was made in partnership with Robert Stull, a leading executive in the transportation logistics and distribution services industries. Mr. Stull will lead PLG as its President and Chief Executive Officer. With revenues of approximately $100 million at its launch, PLG becomes one of the leading nationwide providers of warehousing, distribution and transportation services in U.S. port cities. PLG develops and implements innovative logistics solutions to help the world’s leading companies get their products to market faster and more efficiently. The company will be headquartered in Houston, Texas.

“We are excited about our investment with Bob to build a national, port-focused logistics company. He is a skilled operator, an innovative executive, and a dynamic leader who has developed great teams and delivered strong results for his customers and his shareholders at every step in his career,” said David Lack, AV Partner. “These initial acquisitions are the first of many that we will make with Bob as PLG extends the reach of its port logistics capabilities for its customers.”

“After conducting substantive market research and having discussions with several companies, both large and small, I became convinced of the need for a nationwide logistics company that provides consistent, high quality service across a broad range of logistics services in our nation’s port cities,” said Bob Stull, CEO of PLG. “We have launched this platform with companies who are highly regarded by their customers for delivering superior service in their local markets. I look forward to meeting with other founders and entrepreneurs operating in port cities that share our vision and want to join us in this initiative.”

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