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New Deal


Announced

Completed

Equity Group Investments completed the acquisition of Able Freight Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Private Equity

Freight Forwarding

Private

Acquisition

Majority

Domestic

Completed

Friendly

freight forwarding services

Synopsis

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Equity Group Investments, a private investment firm, completed the acquisition of Able Freight Services, a provider of airfreight forwarding services focused on time-sensitive perishable goods. Financial terms were not disclosed. “This partnership reflects today’s global growth opportunity in cold chain transportation and distribution. Able has built a leading industry platform defined by its powerful global network of strategic partnerships including airlines, associations and more than 75 local service agents. Orlando is a strong steward and we look forward to supporting the company through its next phase of growth,” Marc Sotir, EGI President.

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