Equity Group Investments Acquires Majority Stake in Able Freight
October 11, 2020
Equity Group Investments, the private investment vehicle of Sam Zell, purchased a majority stake in Able Freight, a Los Angeles-based international airfreight forwarder specializing in temperature-controlled shipments of perishables. The deal, which includes management participation from CEO Orlando Wong, positions EGI to expand its cold‑chain logistics footprint and support Able Freight’s growth across product verticals and geographies.
- Buyers
- Equity Group Investments
- Targets
- Able Freight
- Industry
- Logistics & Distribution
- Location
- California, United States
- Transaction Type
- Buyout
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