Angeles Equity Partners Acquires Majority Stake in Freymiller | National Business
LOS ANGELES & OKLAHOMA Metropolis, Okla.–(Business enterprise WIRE)–Jun 22, 2022–
Angeles Equity Partners, LLC (“Angeles”), in partnership with KJM Cash, LLC (“KJM”), has invested in OBS Holdings, LLC (d/b/a “ Freymiller ”) a provider of refrigerated transport and freight brokerage solutions to support cold chain administration. Angeles and KJM will partner with Freymiller President and CEO David Freymiller to travel the up coming stage of the company’s growth.
Headquartered in Oklahoma Town, Okla., Freymiller offers refrigerated load, committed refrigerated trucking, logistics brokerage, and intermodal transportation solutions more than a nationwide network of freight lanes. Supported by its productive fleet of extra than 600 tractors, in-house upkeep, and fleet dealership capabilities, Freymiller offers really trustworthy, late-design devices to support the time-delicate demands of primary foods and other chilly chain distribution partners nationwide.
“Angeles is fired up to be investing in the freight logistics sector alongside field veterans with a very long history of developing and top trucking and logistics corporations,” mentioned Sam Heischuber, Principal at Angeles. “The transportation and logistics market place has seen important disruption from the COVID pandemic. We feel that specialty companies with scale, like Freymiller, stand to profit from the recent macroeconomic surroundings, as desire for refrigerated logistics carries on to mature in a marketplace with tight ability.”
Angeles’ financial commitment in Freymiller originated from a qualified sector target on differentiated transportation and logistics (“T&L”) providers. The Angeles and KJM teams’ expertise partnering with T&L companies to push development led them to specially concentrate on refrigerated transportation vendors with scale and tenured management teams that could aggressively go after organic advancement and strategic mergers and acquisitions.
“This financial commitment signifies an option for us to accelerate our expansion. We will emphasis on our mission to present the most responsible temperature-managed providers to our associates though keeping correct to our values of security, professionalism, integrity, and excellence,” mentioned David Freymiller, CEO of Freymiller. “I am seeking forward to the next chapter in our company’s tale in partnership with Angeles, as we present more chances for our workforce associates and extend partnerships with our prospects.”
Simpson Thacher & Bartlett LLP presented lawful counsel to Angeles Equity Companions and KJM Money. KPMG LLP provided transaction advisory products and services to Angeles Equity Companions and KJM Capital. Houlihan Lokey, Inc. was the special money advisor to Freymiller in the transaction, and McAfee & Taft was its legal advisor.
The conditions of the acquisition ended up not disclosed.
About Freymiller
Freymiller is a main company of temperature-managed, time-delicate freight transportation and logistics answers headquartered in Oklahoma Metropolis, Oklahoma. The Enterprise offers a unique suite of remarkably complementary provider offerings by means of a combination of an asset-based fleet, asset-light brokerage capabilities, and a full-support trucking dealership featuring assistance & upkeep, and financing. Freymiller’s national community delivers freight in 48 states serving a big and various buyer foundation, and is 1 of the handful of temperature-controlled platforms of scale in the business. For more facts, check out https://freymiller.com/.
About Angeles Equity Companions, LLC
Angeles Equity Partners, LLC is a non-public equity business that invests in companies across a huge array of sectors and specifically targets corporations that we believe can instantly advantage from the firm’s deep expertise in operational transformation and strategic repositioning. Find out much more on the web at www.angelesequity.com.
About KJM Cash
KJM Money, LLC was established in 2014 to get main lessen to middle-current market businesses that provide business enterprise customers. KJM Cash, LLC dreams to companion with present house owners by providing operational expertise, together with computer software applications and accounting/finance, to assist continued advancement with a target on delivering outstanding buyer company. For extra information, remember to stop by http://www.kjmcapital.com.
Perspective source version on businesswire.com:https://www.businesswire.com/information/residence/20220622005199/en/
Get in touch with: Michelle Barry
Chameleon Collective for Angeles Fairness Companions
+1 (603) 809-2748
Key word: CALIFORNIA OKLAHOMA UNITED STATES NORTH America
Marketplace Keyword: Specialist Providers TRUCKING Transport LOGISTICS/Provide CHAIN Management FINANCE OTHER Transport
Resource: Angeles Fairness Companions, LLC
Copyright Enterprise Wire 2022.
PUB: 06/22/2022 07:35 AM/DISC: 06/22/2022 07:36 AM
Copyright Business enterprise Wire 2022.