In accordance with Vaughn moore, President and CEO of AIT, the recapitalization will assist the subsequent section of the corporate’s strategic development plan.
“Within the midst of a world pandemic, our teammates have overcome unprecedented challenges to supply unbelievable outcomes. Because of their efficiency, new choices have opened up for the group to proceed striving to realize its imaginative and prescient of changing into the revered world logistics service supplier for making a world. -class expertise, ”he says. “TJC has a confirmed monitor document of partnering with firms in our trade, and their worldwide experience will present a definite benefit for sustained natural development and future acquisitions globally.”
In three and a half years of partnering with Quad-C, AIT’s gross income has greater than doubled and the corporate has launched new vertical market options for the automotive, e-commerce, well being and industrial manufacturing. AIT’s eleven enterprise acquisitions since 2017 have elevated its gross sales capability, expanded AIT’s world presence, offered the group with technical sources for strategic areas and strengthened its core providers.
“Quad-C has supported our group each step of the way in which since 2017,” stated Moore. “They’ve been an important companion and we’re extraordinarily grateful for his or her substantial contribution which has helped obtain AIT’s development objectives.”
“We now have had an important partnership with AIT administration and teammates,” stated Tom hickey, companion at Quad-C. “The AIT workforce has put in place and carried out a complete development technique, which has enabled the corporate to realize greater than $ 1.2 billion revenues and completion of 11 acquisitions alongside the way in which. We’re proud to have been AIT’s companions throughout this time and sit up for seeing the corporate’s continued success with its new companion, TJC. “
With TJC as a brand new monetary companion, AIT will proceed to pursue a strategic development plan with a give attention to world growth each organically and thru rigorously focused acquisitions that improve assist for patrons’ provide chains.
“We’re delighted that AIT executives have chosen TJC as a companion on this recapitalization,” stated Brian higgins, liable for vertical logistics and the availability chain of TJC. “We strongly consider within the workforce’s imaginative and prescient for continued development in core freight transportation providers, in addition to specialised provide chain options with a give attention to commerce between Asia, Europe and North America, all with continued consideration to the wants of their clients. “
The transaction is predicted to shut on the finish of the primary quarter, topic to customary closing situations and the completion of the antitrust assessment, together with the 1976 Hart-Scott-Rodino antitrust enhancements. Harris Williams LLC served as monetary advisor and White & Case LLP served as authorized advisor to AIT. Jefferies LLC acted as monetary advisor and Kirkland & Ellis LLP as authorized advisor to TJC.
Further phrases of the AIT recapitalization with TJC weren’t disclosed.
About AIT Worldwide Logistics
AIT Worldwide Logistics is a world freight forwarder that helps its clients develop by increasing entry to markets all over the world the place they’ll promote and / or supply uncooked supplies, parts and completed merchandise. For greater than 40 years, the ChicagoThe chief in consultative-based provide chain options has leveraged a consultative method to construct a world community and trusted partnerships in almost each trade together with aerospace, automotive, massive consumption, meals, authorities, well being, excessive know-how, trade and life sciences. Backed by scalable, user-friendly know-how, AIT’s versatile enterprise mannequin customizes door-to-door shipments by sea, air, land and rail, on time and on funds. With knowledgeable teammates in additional than 85 areas all over the world Asia, Europe and North AmericaAIT’s full service choices additionally embrace customs clearance, warehouse administration and white glove providers. Be taught extra about www.aitworldwide.com.
At AIT, we vigorously search alternatives to earn the belief of our clients by offering distinctive logistics options all over the world whereas passionately valuing our colleagues, companions and communities.
About The Jordan Firm, LP
TJC, based in 1982, is a mid-market personal fairness agency that has managed funds with authentic capital commitments higher than $ 14 billion since 1987 and 39 years of expertise of investing and contributing to the expansion of quite a few firms in a variety of industries, together with trade, transport and logistics, well being and client, and telecommunications, know-how and utilities. The senior funding workforce have been investing collectively for over 20 years and are supported by the Operations Administration Group, which was established in 1988 to provoke and assist operational enhancements in portfolio firms. Primarily based at new York, TJC additionally has an workplace in Chicago. For extra data, please go to www.thejordancompany.com.
About Quad-C Administration
Based in 1989 and primarily based in Charlottesville, Virginia, Quad-C is a mid-market personal fairness agency targeted on investments in established enterprise and client providers, healthcare, specialty industrial distribution, and transportation / logistics firms. Throughout its three many years of historical past, Quad-C has invested greater than $ 3 billion capital in additional than 70 platform firms. The Quad-C workforce is dedicated to partnering with entrepreneurs and administration groups to speed up development and create long-term worth. Be taught extra about Quad-C at www.quadcmanagement.com.
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