ATL Partners

Arrive Logistics takes on over $300M investment led by ATL Partners

On Wednesday morning, Austin, Texas-based freight brokerage Arrive Logistics announced that ATL Partners, a New York City-based private equity firm focused on aerospace, transportation and logistics, led a funding round of more than $300 million to become Arrive’s largest minority owner. ATL Partners was joined by Baupost Group, British Columbia Investment Management Corp. and Temasek.

ATL Partners will add Andrew Clarke, Jerome Lorrain and Paul Bell to the board of directors. Clarke, formerly...

https://s29755.pcdn.co/news/arrive-logistics-takes-on-more-than-300-million-investment-led-by-atl-partners

Heavy bulky market: Fragmented and fast-growing (with video)

As e-commerce continues to take market share from brick-and-mortar retail, the heavy bulky last-mile market is seeing rapid growth, with reverse logistics as a particularly strong revenue driver.

That was one of the takeaways from a fireside chat between Kirby Fine, principal, ATL Partners, and Gordon Branov, CEO of Pilot Freight Services, during the FreightWaves Last Mile Logistics Summit on Thursday.

The heavy bulky market, Fine noted, is a highly fragmented space, and although it is smaller...

https://www.freightwaves.com/news/heavy-bulky-market-fragmented-and-fast-growing-with-video

Pilot Freight expands corporate umbrella

Pilot Freight Services, a 50-year-old logistics services provider with roots in airfreight, has placed five long-time, franchise-operated offices under its direct management.

The former franchises are located in Texas, Wisconsin and Mexico. Pilot said the acquisition of these offices was attractive due to their “strong historical growth and operational performance” for the overall company.

Financial terms of the acquisitions, effective today, July 1, were not disclosed by either Pilot or its...

https://s29755.pcdn.co/news/pilot-freight-expands-corporate-umbrella