TSL Express Daily News

Miami, FL, & Cranbury, NJ – April 15, 2025 – Lafayette Square announced today that it has provided a credit facility to support Maxwell Street Capital Partners’ (“Maxwell Street”) investment in Port Jersey Logistics (“Port Jersey”), a leading provider of integrated temperature-controlled logistics solutions to the food and beverage industry. The partnership between Maxwell Street and Port Jersey will provide capital for add-on acquisitions and strategic expansion into new geographies, service lines, and end markets.

Founded in 1954 and headquartered in Cranbury, NJ, Port Jersey operates more than 1.25 million square feet of temperature-controlled and ambient warehouse space near the ports of New York/New Jersey and Savannah, Georgia. In addition to its dedicated and multi-client warehouses, the company provides drayage, transportation, and value-added warehousing services, offering fully integrated supply chain solutions to its customers.

“Port Jersey’s strategic operating locations, end-to-end suite of services, and deep relationships with fast-growing food and beverage brands make this partnership an exciting opportunity,” said Evan Harwood, Maxwell Street’s Managing Partner. “We’re grateful to Lafayette Square for its financing support as we usher in a new wave of growth for the company.”

“Now is the time for us to bring our comprehensive logistics solutions to more markets. The support from both Maxwell Street and Lafayette Square will allow us to build upon a 70-year track record of providing value to our customers, and create additional opportunities for our employees,” added Jeff Ramella, CEO of Port Jersey.

Beyond capital, Lafayette Square provides support and incentives to portfolio companies through its affiliated managerial assistance program, Worker Solutions®, a tailored benefit offering designed to reduce turnover and operational risk while improving job quality, retention, and productivity.

“With its strategic, port-centric operating model, Port Jersey is well positioned for future growth,” added Judd Kohn, Managing Director at Lafayette Square. “We look forward to supporting the company and its employee base with a mix of capital and services to help them thrive in this next phase.”

About Maxwell Street Capital Partners

Maxwell Street is a lower middle-market private equity firm focused on transportation, logistics, and route-based services businesses. Leveraging our deep investment and operational experience in our target industries, Maxwell Street seeks to partner with families, founders and management teams to help them scale their businesses and achieve their goals. Maxwell Street is based in Chicago, IL. For more information, please visit www.maxwellstreetcap.com or follow Maxwell Street on LinkedIn.

About Port Jersey Logistics

Port Jersey Logistics brings close to seven decades of serving clients with top-tier logistics solutions. Equipped with state-of-the-art systems and facilities, we deliver on a broad range of logistics requirements accurately and efficiently, handling products such as consumer-packaged goods, specialty foods, food ingredients, health and personal care products, and alcoholic beverages. With a strong focus on retailer compliance, we provide value-added services, kitting, shipper builds, and relabeling across all operations. Our operations carry certifications and licenses such as SQF, AIB, ABC, Organic Certification, and FDA. For more information, please visit www.portjersey.com or follow Port Jersey on LinkedIn.

About Lafayette Square

Lafayette Square is a private credit firm lending capital to growing middle market companies in working-class places. The firm is driven by four key differentiators: non-sponsored deals, enhanced managerial assistance through its affiliated Worker Solutions® platform, a technology-first data-driven investment strategy through Potomac X Lafayette Square™, and institutional partnerships. Lafayette Square’s thesis holds that working-class people and places are ignored by private credit creating an attractive investment opportunity subject to conservative underwriting, managerial assistance, and technology. Lafayette Square aims to support 100,000 working-class jobs, invest 50% of capital in working-class places, and curate benefits for 50% of its portfolio by 2030. For more information, please visit www.lafayettesquare.com.

Media Contact:

Doug Allen/Jansel Murad

Dukas Linden Public Relations

646-722-6530

lafayettesquare@dlpr.com