Self-made billionaire Sam Zell’s investment company has acquired Able Freight, a Los Angeles-based international airfreight forwarder that specializes in transport of perishable goods.
Equity Group Investments, Chicago, this week said it purchased a majority stake in Able with management participation from CEO Orlando Wong to tap the growing cold-chain logistics sector.
Terms of the transaction were not disclosed.
Able Freight focuses on temperature-controlled shipments, especially exports, of...
https://s29755.pcdn.co/news/business-mogul-sam-zell-acquires-perishables-forwarder-able-freight
