U.S. capital investor Seacoast Capital has announced a $10 million investment in last-mile logistics company Deliver-It.
Seacoast said that its investment in Deliver-It represents its commitment to partnering with a management team that possesses deep industry experience and proven leadership capabilities, a team that has positioned the company for substantial growth.
The $10 million investment came in the way of unsponsored preferred equity and subordinated debt.
The investment will be used to recapitalize Deliver-It's balance sheet and fund growth opportunities.