BWT Logistics Acquires International Express Trucking
December 19, 2023
BWT Logistics, a Bluejay Capital portfolio company, has acquired International Express Trucking (IET), a regional 3PL in North Carolina. The add-on expands BWT’s contract logistics and warehousing footprint in the state; IET’s president Howard Shope will join BWT as Senior Vice President of Operations and retain a meaningful ownership stake. Bluejay Capital financed the transaction with participation from Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and KeyBank; terms were not disclosed.
- Buyers
- BWT Logistics, Bluejay Capital Partners, LLC, Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners, KeyBank
- Targets
- International Express Trucking
- Platforms
- BWT Logistics
- Industry
- Transportation
- Location
- North Carolina, United States
- Transaction Type
- Addon
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