MyUS.com Receives Investment from Palm Beach Capital and Other Co-Investors
4/16/2012
MyUS.com announced today that the company has just received a substantial investment, and this funding now positions the company for exponential growth and new strategic acquisitions. MyUS.com is the number one international package consolidation and shipping service with both business and personal customers across 220 countries.
Palm Beach Capital, a private equity firm based in West Palm Beach, Florida, Logisticap Partners, a fundless sponsor based in Ponte Vedra Beach, Florida, and other co-investors are the entities that made the game-changing investment in MyUS.com.
"This funding is key to our strategy to drive continued growth both organically and by acquisition," said Eric Baird, CEO of MyUS.com. "We have been aggressively pursuing acquisition targets and this funding will enable us to concentrate more keenly on the potential in the marketplace."
Baird will maintain his position as CEO and continue to lead the company going forward.
"Palm Beach Capital and Logisticap are the ideal partners to have on board as MyUS.com enters an aggressive growth cycle," added Baird. "I'm overjoyed to be working with them during this exciting stage for our company."
MyUS.com (www.MyUS.com) is the shipping, receiving and package forwarding solution for international corporations, foreign nationals and expats who face the hurdles shopping overseas presents. MyUS.com enables international customers to purchase items in the U.S. and then hand-delivers these purchased items to anywhere in the world in two to four days.
How does MyUS.com's mail and package forwarding service work? First, MyUS.com provides a dedicated U.S. address to international entities. Once items are purchased in the U.S., MyUS.com receives the shipped items, inspects these packages for accuracy, consolidates the packages and mail into one shipment, and then forwards the shipment—delivers it by hand, in fact—to the international recipient.
MyUS.com has remained the top-rated international mail forwarding service since its founding in 1997 and is headquartered in Sarasota, Florida.
Palm Beach Capital (www.pbcap.com) is a private equity investment firm that specializes in making investments in and building early and middle-stage private companies. The firm focuses on high growth investment opportunities and has offices in both West Palm Beach and Tampa, Florida. Since its inception in 1997, Palm Beach Capital has made investments in 36 companies and has approximately$325 million in total assets under management.
Logisticap Partners is a fundless sponsor that focuses solely on sourcing and implementing proprietary transactions in the logistics industry. Logisticap has completed four transactions in 2012 with a combined enterprise value of over $300 million. For more information, please email mike@logisticap.com.