Magaya Corporation announced an investment from LLR Partners, a middle market private equity firm committed to creating long-term value by growing its portfolio companies. Since the company was founded by the three co-owners Jose Yoniel Garcia, Jesus David Rodriguez and Gabriel T. Ruz, Jr, the company has seen steady growth, and a strong commitment to make their customers successful. With this investment, Magaya hopes to accelerate their growth and create a larger footprint in the industry.
With this acquisition, both David Reuter, Partner, and Michael Pantilione, Vice President at LLR Partners, will join the Magaya Board of Directors. This investment marks a momentous growth opportunity for Magaya, who has been in business since 2001 and is committed to helping automate and improve business operations for freight forwarders, 3rd party logistics, wholesalers and distributors around the globe.
Read the full statement here.