Verst is a company.
Verst has raised $12.0M across 1 funding round.
Key people at Verst.
Verst was founded by Fritz Lanman (Chairman and Cofounder).
Verst has raised $12.0M in total across 1 funding round.
Key people at Verst.
Verst was founded by Fritz Lanman (Chairman and Cofounder).
Verst has raised $12.0M in total across 1 funding round.
Verst's investors include Gideon Yu, Greylock, South Park Commons, Akshay Kothari, Charlie Cheever, Harris Barton.
Verst Logistics is a family-owned third-party logistics (3PL) provider specializing in omnichannel fulfillment, warehousing, contract packaging, shrink sleeve labeling, transportation management, and freight brokerage.[2][4] Founded in 1966, it operates 28 warehouse locations across the US with over 8.8 million square feet of space, 2,200 employees, and reaches 85% of the US with 1-2 day delivery, serving major clients in CPG, automotive, industrial, food & beverage, ecommerce, and retail like Kroger, P&G, Toyota, and Walmart.[2][3][4][5] The company solves complex supply chain challenges by offering scalable solutions for inventory management, real-time visibility, overflow capacity, routing compliance, and value-added services such as kitting, co-packing, and reverse logistics, driving business growth and profitability with a "Zero Harm" commitment to safety and sustainability.[2][3][4][5]
(Note: A separate entity, Verst Carbon, focuses on carbon project development and markets advisory in Africa for climate finance and green jobs, but the query aligns most closely with Verst Logistics based on scale and prominence.[1] Another, Verst Partners, targets financial advisory, but lacks detailed fit.[10])
Verst Logistics was founded in 1966 by William G. Verst as a family-owned business in the Greater Cincinnati/Northern Kentucky area, starting with warehousing and evolving into a full-service 3PL.[4][5] Over 59 years, it has expanded from regional operations to nationwide coverage, growing to $230 million in revenue, 1,900+ employees (now 2,200), and 23-28 facilities totaling 6.5-8.8 million square feet across states like Kentucky, Indiana, Ohio, Alabama, and Arizona.[2][4][5] Pivotal moments include becoming one of the largest US contract packaging providers with 16 production lines handling over 100 million units annually, earning spots on Inbound Logistics' Top 100 3PL lists (e.g., 2021, 2022), and building partnerships with tier-one brands through integrated capabilities like line-side manufacturing support and ecommerce fulfillment.[5][7][9]
Verst Logistics rides the omnichannel and ecommerce boom, capitalizing on post-pandemic supply chain disruptions, rising consumer expectations for 1-2 day delivery, and retailer demands for compliance in complex networks.[3][4] Its Midwest hub (Cincinnati/NKY/Indiana) leverages central US logistics advantages—rail (Norfolk Southern), river ports, and proximity to manufacturers/retailers—enabling efficient scaling amid labor shortages and capacity volatility.[6] Market forces like ecommerce growth (85% US reach), just-in-time manufacturing, and sustainability pressures favor its tech-enabled WMS, real-time visibility, and value-added services, reducing costs for giants like P&G and Kroger.[3][5] It influences the ecosystem by setting 3PL benchmarks for integration, supporting high-volume ops (100M+ units/year packaging), and enabling overflow/resilience for volatile demand.[5]
Verst Logistics is poised for continued expansion as 3PL demand surges with AI-driven supply chains, nearshoring, and green logistics mandates, potentially growing via acquisitions or tech upgrades like advanced automation.[4][5] Trends like real-time analytics, sustainable packaging, and last-mile optimization will shape its path, amplifying its family-owned edge in a consolidating industry. Its influence may evolve toward leading domestic contract packaging and fulfillment for ecommerce-heavy sectors, solidifying partnerships with marquee brands while maintaining "Zero Harm" as a differentiator—proving that family roots can scale national logistics dominance.[2][5]
Verst has raised $12.0M across 1 funding round. Most recently, it raised $12.0M Series A in September 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2015 | $12.0M Series A | Gideon Yu, Greylock, South Park Commons, Akshay Kothari, Charlie Cheever, Harris Barton |
