Announced
Completed
Synopsis
Angeles Equity Partners, a private equity firm, completed the acquisition of Custom Goods, an asset-light third-party logistics company, from Soundcore Capital, an investor. Financial terms were not disclosed. “Recognizing the significant growth potential of third-party logistics businesses, we have been pursuing a diversified asset-light platform that has compelling upside potential. The diversification of Custom Goods’ end markets and customers and distinctive service offerings across transportation and logistics make this an ideal investment for us. The tailwinds in this sector should provide for continued organic growth and also create attractive opportunities for follow-on M&A,” Sam Heischuber, Angeles Equity Partners Managing Director.
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