Patriot Capital is pleased to announce a subordinated debt and equity investment in MetroGistics. Patriot’s investment supported Corinthian Capital’s formation of a strategic partnership between MetroGistics and two existing Corinthian Capital portfolio companies: Precision Motor Transport Group (PMTG) and McNutt Automotive Logistics (McNutt).
The combined entities will provide a full range of automotive logistics and asset-based transportation solutions to the full spectrum of customer segments. Through these partnerships, the combined customer base of MetroGistics, PMTG and McNutt will be offered a very high level of transportation flexibility and services. MetroGistics and McNutt are asset-light transportation and logistics providers headquartered in St. Louis, MO and Lowry City, MO, respectively. Okemos, Mich.-based PMTG is an asset-heavy car haul company offering premium auto delivery services via 300 enclosed and open company-owned trucks. Combined, the businesses will offer the entire spectrum of new and used customers an “asset-medium” offering not currently found in either the truckload or less-than-truckload space.