Shockoe Commerce Group Ranks on INC. 500 List
Shockoe Commerce Group, LLC a portfolio company of Boxwood Capital Partners, was ranked no. 422 on the 2012 annual Inc. 500 list.
Richmond, VA (August 16, 2012) Shockoe Commerce Group, LLC (www.shockoecommerce.com) is pleased to announce that Inc. Magazine ranked the Company no. 422 on the sixth annual Inc. 500 list. This exclusive list represents the most comprehensive ranking of the nation’s fastest-growing private companies. With a three year revenue growth rate of 881%, they’ve pushed their sales from $1.3 Million in 2008 to $13.2 Million in 2011 and also adding 25 new jobs. Shockoe Commerce ranked no. 20 in the retail category and is a leading supplier within the attractive and growing yoga and fitness market. The Company supports a healthy, active lifestyle by primarily supplying yoga, meditation, spiritual, food and beverage, and wellness products to customers in the U.S. and internationally.
“We are honored to be included on the 2012 Inc. 500 list,” said Patrick Galleher, Managing Director of Boxwood Capital Partners. “Beyond organic growth opportunities, we are currently in discussions with other fitness and yoga-related acquisition opportunities, as well as mass merchant retailers for several of our fitness brands. We expect significant growth throughout 2012 and 2013, and have expanded our office and are currently hiring personnel to help fill the infrastructure needed to capitalize on near-term growth initiatives.”
About Shockoe Commerce Group, LLC:
Shockoe Commerce is a portfolio company of Boxwood Capital Partners, a private equity firm based in Richmond, Virginia. Our partners and investors have significant operational, internet, finance, technology, sales, and marketing experience, and are focused on building a portfolio of businesses which wholesale and retail consumer non-durable products across several categories including food & beverage, office supplies, lifestyle and fitness. Shockoe Commerce Group’s portfolios of businesses include Coffee Wholesale USA (www.cw-usa.com), Snack Warehouse (www.snackwarehouse.com), Office Saver (www.officesaver.com), Yoga Direct (www.yogadirect.com), Yoga Accessories (www.yogaaccessories.com), and websites from the newest acquisition of Red Rock Products, Everything Yoga (www.everythingyoga.com), Best Insoles (www.bestinsoles.com), Best Swimming (www.bestswimming.com), Footrite (www.footrite.com), MediBrace (www.medibrace.com), and Fitness Toys (www.fitnesstoys.com). All of these companies provide a wide selection of top quality products; superior customer service, competitively low prices, and a convenient outlet for customers to access all of their product needs.
About Boxwood Capital Partners, LLC:
Boxwood Capital Partners is a private equity firm focused on investing in and acquiring profitable lower middle market companies with defensible competitive advantages and attractive growth prospects in a variety of industries such as ecommerce, manufacturing, business services, distribution, consumer products and services, and opportunistic situations. Our professionals have direct operating experience and thus bring value-added expertise with respect to business development, operations, technology, implementation, and finance.
Contact: Patrick Galleher
Phone: (804) 343-3441
pgalleher@boxwoodpartners.com
