Houlihan Lokey Advises Taylored Services

Houlihan Lokey is pleased to announce that Taylored Services (Taylored), a leading U.S. multichannel third-party logistics fulfillment organization, has been acquired by Yusen Logistics, a leading global supply chain provider. The transaction closed on March 1, 2023.

An Edison, New Jersey–based company founded in 1992, Taylored Services has grown to become a multichannel logistics provider offering fulfillment, warehousing, and transportation services, drayage, and transloading. The company provides services to a diversified client base, including wholesalers, manufacturers, and retailers (traditional and online-only e-tailers), with expertise that extends to multiple brand and accessory categories. Its distribution centers are located near the nation's busiest ports of Los Angeles, Long Beach, New York/New Jersey, Savannah, and Miami. In November 2012, Taylored Services was acquired by private equity firm Saybrook based in Los Angeles, California.

Yusen Logistics is a leading global supply chain company providing ocean and air freight forwarding, warehousing, distribution services, and supply chain management. The company offers logistics services and consulting for optimal supply chain development, including end-to-end supply chain management, with Kaizen-based performance improvement. Utilizing a network of more than 667 offices in 47 countries worldwide, more than 25,000 employees provide optimal solutions to customers' diverse and complex supply chain demands. Yusen Logistics (Americas) Inc. has 1,900 employees and 40 operational sites in the United States, with more than 5 million square feet of warehouse capacity.

The deal expands Yusen Logistics' Contract Logistics Group's warehouse network in key distribution areas of the United States and further strengthens its end-to-end supply chain portfolio with specialized services, such as omnichannel retail, wholesale, and e-commerce fulfillment. Taylored Services will become part of Yusen Logistics (Americas) Inc., the U.S. operating company of Yusen Logistics Co. Ltd. and a subsidiary of NYK Group. The purchase agreement includes 11 distribution centers strategically located near the ports of Los Angeles, Long Beach, New York/New Jersey, Savannah, and Miami as well as in Louisville, Kentucky, totaling approximately 2.9 million square feet of Tier 1 distribution space. The respective Yusen Logistics and Taylored Services names and brands will remain in place.

Houlihan Lokey served as the exclusive financial advisor to Taylored Services. This deal exemplifies the continued momentum of the firm’s Transportation and Logistics practice and long-standing track record of delivering exceptional outcomes for its clients.