Investment Firm Tailwind Capital Acquires MetroGistics

Investment firm Tailwind Capital has acquired MetroGistics, a brokerage firm based in St. Louis, Missouri, that specializes in arranging for transportation of new and used vehicles. The company does business with a variety of clients, including automotive manufacturers, rental car companies, dealerships and equipment leasing firms, auction houses and private individuals.

Terms of the transaction were not disclosed.

Launched in 2010 by Scott Naz and Bill Billiter, MetroGistics has been a portfolio company of Corinthian Capital, a New York-based investment firm, since 2014. Corinthian also owned stakes in Precision Motor Transport Group, an asset-based vehicle hauler based in Okemos, Michigan, and McNutt Automotive Logistics, a company based in Lowry City, Missouri, that provides asset-light vehicle hauling and less-than-truckload freight brokerage services to customers in the automotive sector.

The operations of MetroGistics and McNutt were subsequently merged.

Jeff Calhoun, a partner at Tailwind Capital, said he wants to build on the company’s success in providing logistics services across all aspects of the business, from load matching to delivery.

“We are excited to work with the MetroGistics management team,” he said in a statement Oct. 26. “The team brings extensive logistics industry experience and impressive track record of driving growth.”