Visible Supply Chain Management Brings on The Cynosure Group as a Minority Partner
SALT LAKE CITY--(BUSINESS WIRE)--Apr 3, 2019--Visible Supply Chain Management (“Visible”), the industry leader in shipping and fulfillment services for small to midsize businesses, today announced it has welcomed The Cynosure Group (“Cynosure”), one of the premier family-backed investment firms in Utah, as a minority shareholder and member of its Board of Directors.
“Cynosure, originating with the Eccles family of Utah, purchased a minority position in Visible and will be long-term partners to our business,” said Casey Adams, president of Visible. “Although their position is relatively small, their long-standing expertise in business, associated with a shared emphasis on doing the right things for the right reasons, will help Visible achieve its goal of growing its supply chain business more quickly than could otherwise be achieved. In addition to becoming a shareholder, Cynosure will participate as a member of our board of directors. The relationship with Cynosure has been building for a number of years and we are excited to continue to draw closer to such talented individuals.”
“We are very excited about partnering with Visible’s experienced management team. By providing collaborative, flexible and patient capital, we believe we can support Visible for the years ahead as they disrupt and improve the supply chain management industry while maintaining their status as one of the fastest-growing supply-chain providers in the U.S.,” said Keith Taylor, managing director of Cynosure. “Cynosure is excited to collaborate and realize the outcome of this partnership.”
The Visible and Cynosure partnership comes on the heels of Visible’s achievement of 72 percent CAGR growth over the prior five years as well as industry and business awards including the top spot in MWCN’s (Mountain West Venture Capital Network) Mountain Mover Awards in 2018. Visible serves 25K customers worldwide, shipped more than 171 million packages in 2018 and executed with 99.98 percent fulfillment accuracy.
About Visible Supply Chain Management
Since 1992, Visible Supply Chain Management has provided customized solutions for B2B and B2C organizations. With comprehensive services in e-commerce, direct sales, direct response and omnichannel, Visible can design effective strategies for clients that include transportation, logistics, brokerage, fulfillment and even custom packaging solutions.
About The Cynosure Group
Tracing its roots to the Eccles family of Utah, The Cynosure Group is an independent alternatives asset manager and advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. Cynosure’s collaborative solutions focus on alternative asset classes and range from select direct investment opportunities in profitable small to mid-sized companies, to comprehensive portfolio construction and allocations. For more information, visit www.cynosuregroup.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190403005218/en/
CONTACT: Media Contact:
Shannon Michael, SnappConner PR
KEYWORD: UNITED STATES NORTH AMERICA UTAH
INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Visible Supply Chain Management
Copyright Business Wire 2019.
PUB: 04/03/2019 11:00 AM/DISC: 04/03/2019 11:01 AM