Announced
Completed
Financials
Tags
Private
Majority
Third Party Logistics (3PL)
Domestic
Acquisition
United States
third-party logistics
Friendly
Single Bidder
Completed
Synopsis
American Eagle Outfitters, an American lifestyle, clothing, and accessories retailer, completed the acquisition of Quiet Logistics, a third-party logistics company headquartered in Devens, Massachusetts, for $360m. “I am thrilled to officially welcome Quiet Logistics into the AEO Inc. portfolio, cementing a collaborative partnership that has meaningfully contributed to our financial results over the past 18 months. AEO’s unique ability to reduce delivery costs amid rising inflation is a direct reflection of the efficiencies provided by their innovative fulfillment model. Quiet Logistics has a highly experienced supply chain leadership team and I look forward to their partnership as we continue to drive operational excellence and grow the platform into a meaningful business," Jay Schottenstein, AEO Executive Chairman and CEO.
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