Ironwood Capital has announced its subordinated debt and equity investment to support the merger of Diverse Logistics and Pulse Final Mile. Both Diverse and Pulse are non-asset-based logistics companies that broker final-mile home delivery services including white-glove delivery and installation of mattresses, appliances, furniture, and electronics.

The Diverse / Pulse platform is now among the larger independent, big & bulky, final-mile third-party logistics brokers in the United States. The Company provides logistics services through a network of over 850 third-party contract carrier delivery teams operating from 111 customer distribution centers. In addition, the Company operates a network of 15 warehousing and crossdocking facilities allowing for flexible logistics solutions to meet evolving customer needs. Diverse and Pulse Final Mile are portfolio companies of Argosy Private Equity. 

Read full press release here.