Announced
Completed
Financials
Sources
Tags
Third Party Logistics (3PL)
Private
Minority
Single Bidder
asset-light provider
third-party logistics
Domestic
Friendly
United States
Private Equity
Acquisition
Completed
Synopsis
EVE Partners, an investment firm focused solely on the transportation and logistics industry, completed an investment in Integrity Express Logistics, an asset-light provider of third-party logistics. Financial terms were not disclosed. The additional growth would come on top of a strong year in 2020. After the pandemic slowed business early in 2020, the second half of the year was much stronger for IEL. The company ended 2020 with revenue of about $540m. That’s up 37% from 2019’s revenue of $393m.
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