Angeles Equity and KJM Capital completed the acquisition of a majority stake in Freymiller.

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.