Here at Chrysalis, we’re pleased to announce The Halifax Group has partnered with senior management to recapitalize one of our portfolio companies — Golden State Overnight (“GSO”), a leading provider of regional express shipping services in California and neighboring states.
Chrysalis first invested in GSO at its founding in 1994, led its small institutional financing as it got rolling, and provided board leadership (Chrysalis co-founder and Venture Partner Doug Cobb served as chair) across years of steady growth.
We’re proud of what founders Morley Chandler and Dana Hyatt have built and wish them well in the next stage of GSO’s evolution.
Halifax and management provided the equity financing for the transaction. BellMark Partners advised GSO through the process. Additional terms were not disclosed.
The press release can be found here.