An investor with $200 million in a reverse logistics firm is now worth more than $400 million, according to an analysis by The Wall Street Journal.
The hedge fund manager who invested in the firm, Michael Schoenfeld, is now the top manager of one of the largest reverse logistics firms in the world.
Mr. Schoenfels wealth has made him a darling of Wall Street, and he is often described as one of its best bets on the world stage.
He also has a reputation for being a fierce advocate for corporate America.
“Michael Schoenfleish is an absolute genius, and I can tell you that we’re on track to be profitable, and that is a real coup for us,” said David Reichert, chairman of the board of the global logistics giant, Sysco.
“We are on the right track.”
Syscorp, which has about 6,000 employees and has more than 800 locations around the world, has been expanding its operations in the United States in recent years, opening its first two branches in the city of Philadelphia.
SysCorp is a division of American Eagle Group, a $2.2 trillion conglomerate with assets of more than 30,000 companies.
Its headquarters are in Dallas, Texas, where the company has about 3,000 full-time employees.
Its main headquarters are at Philadelphia, where it has about 1,200 full-timers and the other 400 part-timer positions.
Syscorp is in the process of buying a $50 million office building in Philadelphia, and it is planning to add another 1,000 new jobs, said Richard Witte, senior vice president of corporate strategy for Syscorg.
Mr Witte said Syscorps growth will be driven by a combination of growth in sales and growth in the number of employees it employs.
He said the firm will be able to grow revenue faster than it did last year, and said it will benefit from the continued global growth of reverse logistics companies.
SYScorp also recently hired a former chief executive of the Seattle-based company Syskextract, which sells products to companies that use the technology.
Mr Schoenfelds new job will help Syscorep become one of America’s biggest private-equity investors, said John Poulson, a partner at Blackstone Group, which is buying Syscreep in an initial public offering.
Mr Poulssons company will be called Syscortech, and Syscorkers stock will be trading at about $5 a share, or about 10 times higher than its close on Monday.
Symco, the company that owns Syscordys offices, has said it plans to use its money to invest in a number of businesses in the coming months.
Mr Reichers company, in addition to his Syscoruge fund, has also sold its stake in Sysconx, the leading provider of reverse-rail services.
The investment in Syscores reverse-truck business has generated a large number of jobs for Syscom, which operates about 2,300 companies, mostly in Europe.
Soscorp said it would increase its investments in a few countries in Latin America and the Caribbean, such as Panama, Colombia, and Ecuador.
“These are very important markets for us and we think we can make a lot of money there,” Mr Reis said.
SOScorp and Syscusx have agreed to buy out Syscorks investment, a source familiar with the transaction said.
The deal is expected to close in the third quarter of this year.