LogicSource Secures $180 Million Growth Investment from FTV Capital to Drive Efficiency and Profitability for the World's Leading Brands

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 worlds most recognizable brands. By focusing exclusively on the sourcing and procurement of indirect goods and services – which typically represent 20 percent of a companys revenue – LogicSource addresses the area of greatest spending inefficiency within most organizations. "LogicSources 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," said Brad Bernstein, managing partner at FTV Capital. "Between increasing margin pressure, rising inflation and the unpredictable nature of todays 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. By combining decades of sourcing and procurement expertise, superior market intelligence, cross-portfolio spending leverage, and their OneMarket Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value.