LogicSource gets $180mn growth investment from FTV Capital

 US-based LogicSource has raised $180 million from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services businesses.

“With this new funding, LogicSource will enhance its services, technology and data offerings, enter new verticals and further invest in client-centric growth initiatives, helping drive measurable and sustainable profit improvements for the world’s most recognizable brands,” an official statement said.

“LogicSource’s unique combination of outsourced services, software and proprietary data clearly position the company as a category leader in the tech-enabled sourcing and procurement solutions market,” says Brad Bernstein, managing partner, FTV Capital. “Between increasing margin pressure, rising inflation and the unpredictable nature of today’s supply chain environment, senior executives are up against a number of challenging headwinds that necessitate a partner such as LogicSource to better manage their businesses and reduce cost inefficiencies. We are excited to partner with such a high-calibre team to help streamline supplier management and deliver pricing and process improvements to even more brands.”

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