Expands Board of Directors as Company Drives Circular Economy Development
BOSTON, August 2, 2022 – Onepak, creator of the first return logistics platform that powers the circular economy, today announced $2.1 million in growth financing lead by Evergreen Investments and Mink Island Enterprises. Funding will be used to support Onepak’s expanded tech platform and business development work as it delivers on its sustainability-focused mission. New corporate directors Peter deSilva and Peter Travers have also joined the company’s board to help guide Onepak’s significant growth initiative in the circular economy.
“Onepak is at an inflection point in an accelerated growth curve, thanks to strong industry interest in our return logistics platform,” said Steve Andon, founder and CEO, Onepak. “The addition of our new board members, as well as additional resources from this short-term investment round, puts the company in an ideal position to seize the market opportunity and strengthen our foundation to scale significantly through the remainder of the year.”
Onepak has recently garnered several industry accolades, including the G75 Top Supply Chain Partners award, and three consecutive annual rankings on the Inc. 5000 list of fastest growing companies. The company looks forward to significantly accelerating its growth globally in 2023 and beyond.
About Evergreen Investments
Evergreen Investments, LLC is a family-owned private equity firm operated or partnered with several different companies in multiple industries. The corporate headquarters is based in Lebanon, MO.
About Mink Island Enterprises
Mink Island Enterprises, LLC is a growth-oriented private equity firm in Princeton NJ, investing in startup and growth stage companies run by passionate entrepreneurs with fundamentally sound business models. The company invests in technology, logistics, and healthcare enterprises with impactful and innovative product and service offerings.
About Peter deSilva
Peter deSilva has deep experience in building and scaling two-way digital transaction platforms, like Onepak’s ReturnCenter system. He was previously president of TD Ameritrade’s retail division where he led all facets of the business including strategy, sales, client services, product development, digital strategy and development, business analytics, risk, and compliance. Prior to TD Ameritrade, he was president of Scottrade Inc. and was responsible for strategic planning, sales and sales strategy, client experience, branch distribution, national client service centers, product development, and risk management. Mr. deSilva was also the president and COO of UMB Financial Corporation as well as vice chairman of UMB Bank and chairman of UMB Fund Services.
About Peter Travers
Peter Travers is an investment banker and venture capitalist, with more than three decades experience in investment management. He is currently the Managing Member of Chase Field LLC, a diversified investment business. Previously, he worked in the Investment Banking Division of Goldman, Sachs & Co., and practiced law at Sullivan & Cromwell. Travers is the Chairman of the Board of Trustees of National Review Institute. He was a term member of the Council on Foreign Relations and a founder of The East-West Roundtable. Travers was a delegate to the Salzburg Seminar on European and American relations. He received the Mercer Oak Award from the Princeton Battlefield Society for leadership in historic preservation and education.
Onepak bends the traditional linear supply chain into a sustainable circle. ReturnCenter, the company’s online carbon neutral logistics platform, connects shippers, receivers, carriers, and their enterprise management tools on one scalable system. The platform delivers complete visibility into chain of custody, access to a flexible network of more than 400 trained logistics partners covering every US zip code, and offers numerous tracking and reporting capabilities. As a demonstration of Onepak’s focus on being an authentic ESG-driven company, the company has sustainably executed more than two billion pounds of product returns for a global customer base that features leading organizations such as Dell, IBM, United Technologies, Carrier, Diebold, General Motors, Toyota, USBank and DLL Group. For more information, please visit www.onepak.com.
Message & Medium on behalf of Onepak