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New Deal


Announced

Completed

ATL Partners completed the acquisition of a majority stake Rock-It Cargo.

Financials

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Transaction Value-
Consideration TypeCash
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Tags

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United Kingdom

Acquisition

Private

logistics services

Single Bidder

Majority

Completed

Third Party Logistics (3PL)

Private Equity

Friendly

Synopsis

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completed its acquisition of a majority stake Rock-It Cargo, a provider of mission-critical international freight forwarding solutions to the live entertainment and music touring, fine arts, sports, corporate events, industrial power projects, and humanitarian relief end markets. Financial terms were not disclosed. Existing management, including founder and Chief Executive Officer David Charles Bernstein, will maintain a significant equity stake in the Company. "We are excited to partner with David and his team, who have developed a multi-decade track-record of delivering best-in-class logistics solutions to complex international projects and events. We believe there are several opportunities for continued growth in the Company's core and adjacent markets and look forward to supporting David in executing his strategy to achieve his long-term objectives for Rock-It." Frank Nash, ATL CEO.

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