Need It Now Delivers, A Portfolio Company of Palm Beach Capital, Announces Investment in The Gilbert Company

WOODSIDE, N.Y.--()--Need It Now Delivers today announced that it made an investment in The Gilbert Company (“The Gilbert Company”). The Gilbert Company specializes in supply-chain services for the retail sector. Palm Beach Capital was the lead investor in the transaction. Financial terms were not disclosed.

“Our partnership with Need It Now Delivers is another step in the plan Gilbert has laid out for its future. Offering additional and relevant services to our many great customers is extremely important”

About the Gilbert Company:

The Gilbert Company is one of the leading retail logistics companies in the country. Gilbert’s core competencies include Warehousing, Store Delivery, E-Commerce, Deconsolidation or DC Bypass, Consolidation, multi -Modal Transportation Solutions from End to End. The transaction with Need It Now, who specializes in time definite Courier and Final Mile Delivery, allows Gilbert to now handle Store to Door and Same Day Delivery for their many retail customers.

For over 32 years The Gilbert Company has specialized in supply chain services for the retail sector. Gilbert has over 1.5 million square feet of sophisticated warehouse space to service the many needs of their outstanding and impressive customer base. This includes many of the best and most famous retailers in the country. Gilbert understands the demanding dynamics and sense of urgency required to excel in this arena…and has the proven knowledge, experience, and people to deliver results that allow its customers to succeed in such a challenging environment. For more information please visit the firm’s website at www.gilbertusa.com .

Both Need It Now and The Gilbert Company are very excited about this incredible marriage of similar but uniquely different businesses. “We are ecstatic about how Need It Now and Gilbert can leverage the many talents and skills of both companies and become one of the best logistics companies in the U.S. We can help our customers react ever faster to meet the requirements of the retail environment. We can provide Same Day Delivery and Store to Door and Ship from Store services, which appears to be what the future holds for big box store retailers,” said Eric Mautner, CEO of Need It Now Delivers.

“Our partnership with Need It Now Delivers is another step in the plan Gilbert has laid out for its future. Offering additional and relevant services to our many great customers is extremely important,” said Richard Gilbert, CEO, The Gilbert Company. Gregg Prisco, President of The Gilbert Company said, “We are excited to partner with Need It Now and be able to expand our footprint and services. Gilbert has the proven capabilities and logistics expertise and technology to offer great service to our many customers for a long time. But it is now time that we pivot and look to work with our great clients to assist them with their efforts to get product to their customers faster and in more areas.”

About Need It Now Delivers

Need It Now Delivers was founded in New York City in 1987 and has grown from its New York roots to across the country. As a large shipper of packages throughout the U.S., Need It Now specializes in the time-definite same-day delivery of packages of all sizes, including final mile, anywhere in any city. The company specializes in time-definite, door-to-door delivery of crucial shipments, anytime, anywhere. The company has numerous warehouse and office locations across the U.S. The same-day delivery service is for those instances when your needs cannot be met with overnight service. For more information please visit the firm’s website at www.nindelivers.com

About Palm Beach Capital

Founded in 2001, Palm Beach Capital is a private equity investment firm with offices in both West Palm Beach and Sarasota, Florida. Currently investing out of its fourth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in middle market management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 46 portfolio companies (56 distinct investments including co-investment vehicles). For more information, please visit the firm's website at www.pbcap.com

Contacts

Need It Now Delivers
Eric Mautner
Eric.Mautner@NINDelivers.com

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