Announced
Completed
Financials
Tags
Private Equity
freight services
Completed
refrigerated logistics
Acquisition
Industrial Distribution
Domestic
Friendly
Majority
United States
Private
Synopsis
Angeles Equity, a private equity firm, and KJM Capital, an investment firm, completed the acquisition of a majority stake in Freymiller, a provider of refrigerated transport and freight brokerage solutions. Financial terms were not disclosed. “Angeles is excited to be investing in the freight logistics sector alongside industry veterans with a long history of building and leading trucking and logistics businesses. The transportation and logistics market has seen significant disruption from the COVID pandemic. We believe that specialty providers with scale, like Freymiller, stand to benefit from the current macroeconomic environment, as demand for refrigerated logistics continues to grow in a market with tight capacity," Sam Heischuber, Angeles Principal.
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