Monroe Capital announced that its independent sponsor team has completed a debt and equity co-investment in SheerTrans Solutions LLC (“Sheer”), a leading provider of third-party logistics and managed transportation services.  Monroe partnered on the transaction with Woodlawn Partners and Joe Egertson, the founder of Sheer, who will continue as CEO and has retained a significant ownership stake in the business.  

Headquartered in St. Louis, Missouri, with offices in Florida, Georgia, Tennessee and Texas, Sheer will use the new capital and partnership to invest in its technology platform, grow its salesforce, and expand its product offering.

“Woodlawn and Monroe are experienced investors with a great reputation for truly partnering with management teams to help businesses accelerate growth,” said Joe Egertson, Founder and CEO of Sheer.  “The partnership brings new capital and perspectives that will serve as the catalyst for the next phase of growth at Sheer.”  

This transaction is representative of Monroe Capital’s focus on its independent sponsor vertical. The independent sponsor finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking financing for acquisitions, mergers, business combinations and recapitalizations.

Greg Bregstone and operating partners Eddie Leshin and Brian Winshall led the investment for Woodlawn Partners.  Eddie Leshin was a former executive at American Backhaulers and Coyote Logistics and Brian Winshall was a former executive at American Backhaulers, CH Robinson and AFN.