Maersk has announced its intention to acquire the US-based transportation and logistics company Pilot Freight Services for US$1.68 billion with the closing of the transaction being expected during the second quarter of 2022.
The Danish global shipping company will buy Pilot from ATL Partners, a sector-focused private equity firm in New York launched in 2014 and British Columbia Investment Management Corporation (BCI), an investment company in Canada.
Maersk believes that with Pilot’s addition, it...