Compass Group Equity Partners, a St. Louis-based private equity firm, is paternering with Illuminate Group to grow the Tampa-based cold chain company. The partnership is expected to accelerate several growth initiatives including expanding staffing, expanding testing capacities to enhance product development, and an ERP implementation featuring customer-facing inventory management systems.
“It was clear from our first conversation with Illuminate that they have a unique value proposition in the cold chain industry,” said Maureen Dwyer, vice president at Compass Group. “Illuminate is a trusted provider that demonstrates quality, reliability and savings for their customers through their industry expertise and proprietary products.”
The joint venture arrives at a time when industries across the board, from healthcare to grocery delivery, are facing growing demand for precise, sustainable cold chain solutions. “We are excited to have found a partner that shares our vision for Illuminate’s growth and aligns with our company culture,” said Founder Jean-Pierre Emond.
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