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The deal coincides with the global logistics provider crossing the $1 billion gross revenue threshold for the first time in its history
ITASCA, Ill., March 17, 2021 /PRNewswire/ After reporting $1.2 billion in gross revenue for 2020, global freight forwarding leader AIT Worldwide Logistics has agreed to recapitalize with New York City-based middle-market financial firm The Jordan Company, L.P. (TJC). The transaction, expected to be finalized at the end of March, marks the culmination of AIT s partnership with private equity group Quad-C Management, Inc. (Quad-C), which is selling its full stake in AIT to TJC.
AIT Worldwide Logistics concludes successful partnership with Quad-C, leading to recapitalization with The Jordan Company
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