Capstone Logistics

Capstone places managed labor, supervisors, and technology directly inside customer warehouse and distribution facilities to handle receiving, sortation, palletizing, shipping, and yard management. The firm bills this as an outsourced, variable-cost model that eliminates the customer's need to hire, train, and manage warehouse staff. Alongside the on-site services, it operates a digital freight marketplace for truckload, LTL, and intermodal moves — essentially combining outsourced 3PL labor with brokerage-style freight management.

H.I.G. Capital announced a definitive agreement to acquire Capstone Logistics from The Jordan Company in September 2023. The Jordan Company had held the asset since acquiring it from H.I.G. in an earlier transaction cycle, making the 2023 deal a reacquisition for H.I.G. The terms were not publicly disclosed.

A standard freight broker connects shipper loads to carrier capacity and earns a margin on the spread. Capstone embeds its people physically into the customer's warehouse — supervisors, unloaders, pickers — making it a site-level operating partner rather than a transactional intermediary. This integration creates higher switching costs but also exposes Capstone to labor-market tightness and co-employment legal complexity in ways a pure broker avoids.

Capstone's known customer concentration sits in food and grocery retail, food service distribution, consumer packaged goods, and automotive parts — all high-throughput, non-discretionary supply chains where warehouse labor is a constant operational need. The Model has less exposure to cyclical heavy manufacturing relative to peers.

The firm reports approximately 600 operating sites across the United States and Canada, and its freight management platform connects to a network of roughly 15,000 carrier partners. These figures are based on the firm's own public communications and were last cited broadly prior to the H.I.G. Capital acquisition announcement.