Lincoln International represents Able Freight Services in securing investment from Equity Group Investments
Lincoln International is pleased to announce its representation of Able Freight Services, Inc., a top 10 global provider of perishable freight forwarding solutions, in securing its investment from Equity Group Investments, Sam Zell’s private investment firm
Able’s CEO, Orlando Wong, invested alongside Equity Group Investments (EGI) in the transaction. The terms of the transaction were not disclosed.
Founded in 1992, Able is the largest independent perishable freight forwarder specializing in temperature-sensitive and time-critical cargo for a wide array of blue-chip customers shipping to over 60 countries. Headquartered in Los Angeles, California, Able boasts long-standing relationships with leading commercial and cargo airlines and is supported by eight cold-storage locations in Los Angeles and San Francisco, California, Hawaii and Mexico.
Lincoln International acted as the exclusive investment banking representative for Able, working closely with the company’s shareholders and management team throughout the transaction process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
Orlando Wong, shareholder and CEO of Able, commented, “The Lincoln team went above and beyond all expectations throughout the process – supporting management and allowing us to focus on running the company. We are extremely excited to partner with EGI and execute the next phase of our growth strategy.”
About Equity Group Investments
Lincoln's deep relationships in the industry, ability to customize the process and adapt quickly proved instrumental in the successful sale process. Their highly dedicated team of bankers provided sound advice every step of the way, and I could not imagine a better experience as a first-time seller of a company.
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