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Sam Zell’s EGI Partners with East Coast Warehouse
Equity Group Investments (EGI), Sam Zell’s private investment firm, has made an investment in East Coast Warehouse (ECW), a leading provider of temperature-controlled logistics to the food and beverage industry. Terms weren’t disclosed.
Chicago-based EGI is partnering with ECW’s senior management team, who will continue leading the business and retain an ownership stake in the company. EGI president Mark Sotir, Managing Director Evan Harwood, and VP Tyler Goldstein join ECW’s board of directors alongside CEO Jamie Overley.
“EGI has a proven track record of successfully scaling up companies in the transportation and real estate sectors,” said Sotir. “This alignment offers an exciting opportunity to partner with ECW through its next growth phase within an industry that continues to expand and experience tremendous advancements.”
Headquartered in Elizabeth, NJ, ECW operates 72 million cubic feet of temperature-controlled and ambient warehouse space at the Ports of New York/New Jersey, Philadelphia, Baltimore and Savannah.
- ◦Sale/Acquisition