While this is a Core investment for Next Coast, it’s a little different for us as it is not a traditional venture round, but a search fund deal. At Next Coast, we are all about sourcing and supporting the best entrepreneurs in Next Coast Markets, and Nathan fits the bill – his search fund was waiting for a timely and uniquely-positioned company like Navegate, and they found the perfect fit. Nathan is the Managing Partner at Saltspring Capital and will be taking over as CEO and Chairman of Navegate, he has extensive experience in the worlds of investment banking and M&A and will bring a deep financial background to the business. His fresh perspective will be combined with the institutional knowledge of industry veterans like Chad Bickett, who will become COO, and Joe Pelletier who will stay on as President – both have 20+ years experience in logistics and supply chain management. We’re also excited about our first search fund deal because we get to join Operand Group and Relay Investments, a great group of syndicate partners focused solely on search funds that understand the entrepreneurial spirit and how to support it.