Philadelphia-Based Entrepreneurial Duo Sells SAP Supply Chain Practice to Ernst & Young

Cosmo DeNicola, Chairman of Bentley Holdings’ LogiStar Solutions, along with Ernst & Young LLP (EY), jointly announced that LogiStar Solutions, a leading provider of SAP Supply Chain Execution solutions and services, have closed an agreement for LogiStar to join the EY organization, one of the largest professional service firms in the world.

In making the announcement, both DeNicola and David Gulian, LogiStar CEO and Bentley Holdings’ portfolio manager, agreed that the timing was perfect. “We recognized an emerging market and built a company to grow and scale quickly,” said Gulian. “We had great acceptance by our partner SAP, and the global marketplace.”

Gulian added, “We’re proud that our plan resulted in a successful return for our investors in such a short horizon (36 months). This deal validates our accelerator methodology and provides us the capital to further pursue similar growth opportunities within our portfolio of mobile technology and healthcare companies.”

“LogiStar’s renowned supply chain execution capabilities will help EY expand our own services and offer clients additional warehouse management and distribution network optimization offerings,” said Geoff Vickery, a principal with Ernst & Young LLP and EY’s Americas IT Advisory leader. “This transaction is just the latest example of EY’s commitment to offering a greater value and the most advanced technology services available to our clients. EY is very pleased to welcome these highly talented professionals to EY.”

This acquisition further strengthens EY’s Advisory Services practice, providing performance improvement, technology enablement, risk consulting and business transformation services.

“With EY’s combined skills and experience, we can now offer end-to-end supply chain implementation capabilities enabling business transformation,” said Brian Thorn, President of LogiStar. “Together, we are better equipped to deliver more supply chain transformation and improvement programs to clients in key industries, such as consumer products and retail. We are excited to be a part of EY and serve our clients on a global basis.”

The LogiStar acquisition solidifies DeNicola and Gulian as business accelerators in the mergers and acquisitions marketplace (M&A). Together, the duo manage Bentley Holdings, a diverse business portfolio including investments in mobility, healthcare, disease management, professional sports and talent management.