May Logistics Services
May Logistics Services, Inc. Fund: II Investment Date: December 1998 Exit Date: December 2009 Headquarters: Homewood, Illinois
May Logistics Services, Inc. (“May”), headquartered in Homewood, Illinois, provides logistics management and a variety of customized services related to its customers’ logistics needs through its operating subsidiary ADS. ADS is a national provider of logistics services to producers and consumers of steel, aluminum and non-ferrous metals.
Merit provided subordinated debt and common stock used to finance the acquisition by management and a major equity fund sponsor.