Global freight forwarder AIT Worldwide Logistics announced an agreement Wednesday to recapitalize with The Jordan Company (TJC), a middle-market financial firm with a background in transportation and logistics investments like Capstone Logistics and GlobalTranz Enterprises.
AIT Worldwide will conclude its current equity partnership with Quad-C Management, which will sell its full stake to TJC at the end of March. The recapitalization is said to be valued at over $1.2 billion.
“TJC has proven...
https://www.freightwaves.com/news/freight-forwarder-ait-worldwide-makes-equity-partner-move