How Private Equity can leverage a Supply Chain & Logistics Partner?
Private equity firms often seek to improve the operational efficiency of their portfolio companies to enhance their overall value....
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The Beacon Group
acquires
March 17, 2022 - Haverhill, MA – The Beacon Group, a supply chain and logistics consultancy, announced today that it has purchased 4SYTE™, a proprietary network optimization software.
“The acquisition of the 4SYTE™ technology, will greatly expand our company’s service offerings to the marketplace. The robust software will allow Beacon to provide a complete wrap around service to our clients,” stated George Yfantopulos, CEO of The Beacon Group.
The 4SYTE™ program addresses a wide breadth of supply chain challenges including site selection, transportation, network design and logistics. Prior to the acquisition of 4SYTE™ by The Beacon Group, Symmedian, a supply chain solution provider, leveraged the software for clients in the high tech, consumer goods, apparel and food and beverage industries.
Symmedian CEO, Robert Hutson commented, “The partnership with The Beacon Group is an absolute win-win for all. Their expansive national customer base, supply chain expertise coupled with the 4SYTE™ product should afford many opportunities to assist clients growing and expanding their businesses.”
“4SYTE™ is an amazingly robust product that can provide tailored solutions across a wide array of industries. High level executives, private equity firms and other leaders of industry have leveraged its capabilities from network optimization, site selection and analytics to make game changing decisions for their respective companies,” Yfantopulos concluded.
Hutson will join The Beacon Group as Senior Vice President – Supply Chain and Real Estate.
About The Beacon Group
The Beacon Group (TBG) works in concert with our clients operations team to create a supply chain strategy & ‘blueprint’ for the future. TBG’s Supply Chain & Engineering team augments a company’s internal operations, facilities and supply chain expertise and bandwidth. We work with our clients to understand their environments, constraints, and growth plans. From there we assemble a multi-disciplined, engineering focused project management team dedicated to helping our clients identify, achieve, and sustain specific performance goals.
About 4SYTE™
4SYTE™ is a new decision optimization technology developed to improve and streamline the overall industrial site selection and transaction management process. Our professionals use the technology to perform “C” level financial analysis of every alternative available to our customers quickly and accurately. Market data and internal client data is aggregated, merged and modeled so that key executives have the right information to make well informed decisions for their organizations. The Beacon Group can provide these services as part of an enhanced industrial tenant representation often at little to no cost to the customer.
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PRESS RELEASE
- PRESS RELEASE -
The Beacon Group welcomes Matthew Stewart
Supply Chain Solutions Provider hires new Industrial Engineer
August 1, 2022 - Haverhill, MA – The Beacon Group, a supply chain consulting and engineering firm, has hired Matthew Stewart in the role.
Stewart will take on the role of Director, Engineering.
“Matt is a great addition to our engineering team” stated Kevin Ahern, President of Beacon. “His depth and background managing massive material handling systems is an ideal fit for the complex national projects we are undertaking,” Ahern continued.
The Beacon Group, co-founded in 2003 by Ahern and a small team of logistics experts, is now a multi-faceted supply chain consultancy and integrator. Celebrating their 20th year in business, Beacon designs, engineers and implements major material handling systems across the United States.
Mr. Stewart, a Georgia Institute of Technology graduate, has more than 15 years of experience in new facility design, logistics operations analysis, and project management will take on a customer-facing role overseeing Beacon’s projects throughout the U.S..
“Our continued growth across a number of business sectors including e-Commerce, healthcare, biotech, retail and industrial distribution affords us the opportunity to bring on more talented professionals such as Matt. We are very excited for him to hit the ground running with our current customer portfolio,” Ahern concluded.
Stewart, an active philanthropist, and proud Georgia Tech alum, resides in Atlanta, GA with his wife Jaclyn and their newborn son.
For more information on The Beacon Group and this press release, please contact Frank McCabe, frank.mccabe@tbgintl.com
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