Providence Equity Partners to acquire a majority stake in Global Critical Logistics.

Providence Equity Partners, a private equity firm, agreed to acquire a majority stake in Global Critical Logistics, a live events and luxury goods specialty logistics company. Financial terms were not disclosed. “For nearly 50 years, GCL has earned the trust of the world’s biggest names in live events and established a leading position in all of the end markets it serves. We have a deep appreciation for and understanding of the business, especially given our long history of investing in entertainment and sports. We look forward to partnering with Dan and the GCL team to help capitalize on organic and inorganic growth opportunities ahead,” Scott Marimow, Providence Managing Director.