Gamut Capital Management, a New York-based middle market private equity firm, in partnership with British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, announced they are to invest in PS Logistics.
As the largest and fastest-growing flatbed transportation and full-service logistics provider in the United States, PS Logistics employs a “Driver-First” culture to transport general flatbed commodities with a specialization in irregular route service in the continental United States.
“The combination of our exceptional team, with the resources we will gain through our relationship with Gamut and BCI, will enable PS Logistics to accelerate our growth while continuing to provide best-in-class services to our customers,” says Scott Smith, CEO of PS Logistics.
The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of this year.
Read more/Source: Private Equity Wire
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