AOI Capital Buys RK Logistics Group
April 18, 2022
Logistics has been acquired by a group of investors led by Miami,
Florida-based AOI Capital.
“RK Logistics Group has a stellar reputation as a high-performance
supply chain operator supporting some of the most demanding, complex
and mission-driven businesses in Silicon Valley,” said Joe MacLean,
chief executive, AOI Capital. “We welcome RK Logistics to our
portfolio and we are confident that with RK’s skilled workforce,
collaborative employee culture and a proven, agile approach to
customer solutions, together we will build on its track record of
sustained, profitable growth.”
“This is the start of an exciting new chapter in our journey,” said
Rock Magnan, president of RK Logistics Group. “We look forward to
benefiting from the business acumen and financial expertise Joe
MacLean and his team bring to the table.” Mr. MacLean emphasized as
well that RK’s current management has been retained and will
continue to run the day-to-day operations of the company.
Miami-based AOI Capital is an investment firm founded in 2009. The
company invests in start-ups and ongoing businesses, with a primary
focus on Ecommerce firms, pharmaceutical sales and distribution, and
third-party logistics services. An active participant in its
portfolio companies, AOI Capital works side by side with management
running the business to accelerate growth, innovation and market
value, contributing capital resources as well as financial, digital
marketing and business management expertise.
The RK Logistics acquisition marks an expansion of AOI Capital’s
participation in third-party logistics services, a sector that
investors see as highly attractive given the surging demand for
quality warehousing, distribution and supply chain management
capabilities, particularly among Silicon Valley manufacturing,
industrial, retail and eCommerce fulfillment businesses.
RK Logistics Group operates in Newark, Fremont, and Hayward, employs
over 300 associates and manages some one million square feet of
warehousing and distribution capacity.
The company works with some of the Silicon Valley’s most successful
and innovative companies. Clients include high-tech manufacturing,
automotive manufacturing, pharmaceutical, medical device, high value
engineered building products, retail consumer goods chains, and
RK also operates the South Bay’s only certified, general purpose
Foreign Trade Zone. This capability allows local businesses which
import manufactured components to take advantage of trade policies
and practices that can reduce administrative regulatory costs and
associated tariffs and duties for imported goods, while protecting
the integrity of high-value products in a secured environment.
RK Founder Rod Kalune Retires
With the completion of the sale of the company, RK Logistics Group’s
Founder and Chairman, Rod Kalune, has retired. A veteran of some 40
years in the Northern California trucking and logistics business,
Mr. Kalune started RK Logistics Group over 35 years ago with a
handful of employees, one warehouse and several trucks.