Greenwich Capital Group Advises James Group on its Divestiture of Magnolia Automotive Services

Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive financial advisor to James Group Inc. (“JGI” or the “Company”), on the sale of its majority equity stakes in Magnolia Automotive Services, LLC and Magnolia Automotive Services Alabama, LLC (together, “Magnolia”) to a strategic buyer. This transaction adds to GCG’s extensive experience within the automotive, transportation and logistics, and industrial manufacturing sectors.

About James Group Inc.

James Group Inc. is a privately held, Michigan-based company specializing in logistics, transportation, and supply chain solutions for the automotive industry. With 55 years of experience, JGI serves leading OEMs and Tier 1 suppliers through its operating companies, Renaissance Global Logistics, Five Crowns Trucking, and EnovaPremier. For more information, please visit www.jamesgroupintl.com.

About Magnolia

Founded in 2011 via a joint venture between JGI and a strategic partner, Magnolia Automotive Services, LLC, located in Mississippi, and Magnolia Automotive Services Alabama, LLC, located in Alabama, are leading tire and wheel assembly providers to automotive OEMs. Magnolia’s services include sub-assembly, sequencing, inventory management, and direct purchasing of materials on behalf of its customers.

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