| ATLANTA – January 14, 2010 – RoadLink, the largest private, independent intermodal logistics service provider in North America, announced today that L. Michael (Mike) Shelton, Chief Operating Officer and Chief Revenue Officer, has been named President of RoadLink, effective immediately. In his new role, Mr. Shelton will continue to oversee all of RoadLink’s operations, which include its integrated intermodal transportation and freight handling businesses (RoadLink Transportation Solutions and RoadLink Workforce Solutions). “Mike’s leadership skills and industry experience have made him an integral part of the RoadLink team,” said Mike Haley, Chief Executive Officer of RoadLink and a member of Fenway Partners Resources. “Over the past year, despite the significant economic headwinds impacting the industry, Mike has been instrumental in helping RoadLink successfully maintain load volumes by gaining market share and continuing to deliver comprehensive solutions to customers with gold-standard service performance. He has the vision and acumen to help bring our business to the next level, and we are thrilled to promote him to this very important position.” Mr. Shelton commented, “This is a dynamic company with tremendous opportunities ahead and I look forward to working with Mike Haley, our owners at Fenway Partners, and the rest of the talented RoadLink team to achieve our strategic objectives and build on our positive momentum. While this past year has been challenging for everyone, I am extremely proud of the fact that our associates have expanded relationships with many of our customers, attracted new accounts, and built on our unyielding commitment to the best service and execution in the industry. RoadLink has the right infrastructure in place to meet increased capacity demands from our customers as the economy recovers, and I am confident that we are very well-positioned for continued growth.” Marc Kramer, Managing Director of Fenway Partners and co-head of the firm’s Transportation/Logistics practice, continued, “We are very pleased with RoadLink’s successful navigation of the economic downturn and remain committed to providing the necessary resources to help support the company’s growth in 2010 and beyond. We are confident that Mike Haley and Mike Shelton have the talent and dedication to lead RoadLink into the next phase of the company’s growth and development and Fenway will be behind them all the way.” Mr. Shelton’s career in the transportation and logistics industry spans nearly three decades. He began his career at Ryder, where he spent approximately twenty years and held responsibilities in global sales, client management, operations, e-commerce and marketing communications. He last served as a Senior Vice President and Corporate Officer for Ryder Systems before leaving the company in 2000 to become Executive Vice President NewRoads, a fulfillment outsourcing company, overseeing Sales, Marketing and Customer Service Solutions. After NewRoads, Mr. Shelton served as Senior Vice President at G-Log, Inc., where he managed global sales operations, and Chief Operating Officer of Gray Peaks, Inc., where he led global acquisition assessment and global funding initiatives. In 2007, Mr. Shelton joined RoadLink as Chief Revenue Officer and was given the expanded role of Chief Operating Officer in 2009, with oversight of business development, strategic development and the advancement of customer relationships. He holds a B.S. in Psychology from Western Carolina University. About RoadLink RoadLink is North America’s largest privately held intermodal logistics provider. The company provides customers with a unique combination of value-added services, including capabilities in logistics planning, asset management, intermodal transportation, integrated transportation and distribution solutions, and warehouse/freight handling. RoadLink’s resulting “IntermodaLogistics” solutions enable customers to utilize the company’s more than 60 Service Centers, 50 on-site customer locations, 2,200 vehicles, and more than 5,000 Associates and Independent Contractors to capitalize on market opportunities and solve market challenges. Headquartered in Atlanta, Georgia, RoadLink is owned by a fund managed by Fenway Partners, LLC, a private equity firm based in New York that partners with management to create companies with strong strategic positions and significant opportunities for growth in the Logistics and Consumer sectors. For more information about RoadLink, visit www.roadlink.com. About Fenway Partners Fenway Partners is a middle market private equity firm based in New York with approximately $2.0 billion under management. Fenway invests in profitable businesses with significant upside potential. Fenway companies typically have leading franchises and operate in two core industry segments, branded consumer products and transportation/logistics. With significant knowledge and success investing in these industries, Fenway has built a strong reputation for its hands on approach to supporting portfolio companies. Fenway’s current portfolio includes: 1-800-CONTACTS (the leading direct-to-consumer distributor of contact lenses); American Achievement (class ring and yearbook supplier to schools); Coach America (motorcoach bus operator); Easton Bell Sports (performance sporting goods manufacturer); Fastfrate (Canadian transportation and logistics services); Panther (expedited ground and air transportation solutions); Preferred Freezer (frozen public warehousing services); Refrigerated Holdings (temperature-controlled warehouse and transportation services); and RoadLink (intermodal logistics). For further information about Fenway Partners, please visit www.fenwaypartners.com. |
