A.P. Moller - Maersk completed the acquisition of Performance Team from Ironwood Capital for $545m.

A.P. Moller - Maersk, a Danish business conglomerate with activities in the transport, logistics and energy sectors, completed the acquisition of Performance Team, a US-based warehousing, and distribution company, from Ironwood Capital, a private equity firm, for $545m. “With this acquisition we invest in premium operational capabilities to significantly boost our existing Warehousing & Distribution offering. This will strengthen our ability to deliver products and solutions that meet our customers’ end-to-end supply chain needs. With its strong platform, Performance Team is a good match for A.P. Moller - Maersk as they complement our current Warehousing & Distribution proposition to customers in North America and will enable future growth,” Vincent Clerc, A.P. Moller - Maersk CEO of Ocean & Logistics.