Announced
Completed
Financials
Tags
logistics services
Delivery Services
Single Bidder
Friendly
Private
Minority
Acquisition
Domestic
Completed
United States
Private Equity
Synopsis
CIVC Partners, a private equity firm, completed the acquisition of a minority stake in OTR Transportation, a logistics services company. Financial terms were not disclosed. "We are thrilled to be partnering with the CIVC team. CIVC has been an active investor in the transportation and logistics sector over the past decade and they bring not only extensive industry experience, but also decades of success partnering with founders and management teams to accelerate growth. Our partnership with CIVC will allow us to execute on our growth strategy while continuing to provide unmatched service to our customers," Jon Braun, OTR Transportation Founder and CEO.
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