OPL Carga | 2014 | Fondo MCL

OPL Carga | 2014 | Fondo MCL

Business Description

Established in 2006 in the city of Bucaramanga, OPL is a group of five companies providing Integrated Logistics Services in Colombia. Following the Fund’s investment strategy towards transport and logistics, the team identified and interviewed 10 major players in cargo transportation (within a total of 36 logistics companies reviewed). OPL stood out as a fast growing, mid-size, profitable company, with a clear focus and a well-defined integration strategy.

Regional Presence: Colombia

Closing Date: June 2014

Fund: MAS Colombia Latam

Status: Exited - Sale to Founders

Website: www.oplcarga.com

Investment Highlights

• Specialized in long haul cargo transportation, its proprietary fleet allows the Company to obtain long-term contracts with major clients

• Services provided with 21 agencies throughout Colombia

• Storage services for dry bulk and general cargo provided in 9 warehouses located nearby the main Colombian maritime ports

• Cargo handling services in the major maritime ports, river transportation and last mile transportation in the main cities of Colombia

• River port project underway to integrate the logistics chain

Value Creation

Corporate Governance

• Transition from an entrepreneurial company to a corporation

• Establish a proactive and multidisciplinary Board of Directors

• Creation of the Financial and New Projects Committees

• Implementation of business plan and yearly budget

Management Support

• Accurate and practical monthly management reports

• Optimization of cost structure and personnel expenses

• Improvement and formalization of labor contracts

• Clean-up and improvement of balance sheet and debt profile

Replication and Expansion

• Analysis of new business lines

• Vertical integration (cold chain, integrated logistic services and integrated river port)

• Acquisition of key players to expand the portfolio of services and regional coverage