Cambridge Capital Makes Majority Investment in Everest Transportation Systems

Cambridge Capital Combines Everest Transportation Systems with Simple Logistics

May 20, 2025

Logistics & Distribution

Cambridge Capital has combined its portfolio company Everest Transportation Systems with Simple Logistics, a St. Charles, Illinois-based freight brokerage specializing in refrigerated truckload freight. The deal positions the combined asset as a larger, tech-enabled, asset-light freight brokerage focused on scale, cross-selling, and expanded refrigerated logistics capabilities backed by Cambridge's supply-chain-focused private equity capital.

Arlington Capital Partners Makes Majority Investment in Everest Clinical Research Corporation

December 7, 2020

Healthcare Services

Washington, D.C.-based private equity firm Arlington Capital Partners has made a majority investment in Toronto-headquartered Everest Clinical Research Corporation, with Everest's founding shareholders and senior management rolling equity and continuing to lead the company. Everest is a full-service contract research organization (CRO) with ~300 employees across Toronto, Little Falls (NJ) and Shanghai; Arlington will support expansion of service lines, capabilities and headcount to drive growth.

Cambridge Capital Takes Majority Stake in Boa Logistics and Flow Cold Storage

September 12, 2022

Transportation

Cambridge Capital has made a majority investment in Boa Logistics and Flow Cold Storage to accelerate the growth of Boa’s refrigerated LTL consolidation and cold‑storage platform. The founders will remain active and retain significant ownership while Cambridge Capital partners join the board; the investment will fund technology, automation, geographic expansion and potential acquisitions to scale the cold‑chain network.

Charlesbank Capital Partners Acquires EverDriven Technologies From Palladium Equity Partners

March 5, 2024

Transportation

Charlesbank Capital Partners, a Boston-based middle-market private investment firm, has acquired EverDriven Technologies, an alternative student transportation platform, from affiliates of Palladium Equity Partners. EverDriven—which serves nearly 700 school districts across 29 states and transports ~28,000 students annually—will partner with Charlesbank to invest in its routing technology, safety programs and nationwide expansion plans. Terms were not disclosed.

Carousel Capital Recapitalizes Armstrong Transport Group

June 18, 2019

Logistics & Distribution

Carousel Capital has partnered with Armstrong Transport Group management to recapitalize the Charlotte-based freight brokerage, providing equity from Carousel Capital Partners V and senior debt from Barings. Armstrong, a technology-enabled, non-asset based logistics platform that facilitates nearly $500 million in annual transportation spend for over 4,000 customers, will use the investment to accelerate growth and expand its technology and service offerings.

Post Capital Partners and Management Acquire Smith Transportation Services

February 5, 2019

Logistics & Distribution

Post Capital Partners partnered with Smith Transportation's existing management team (Steve Smith, Bill Nichols, Jeff Maser and Christine Postlmayr) — with participation from Executive Partner Sam Woodward — to acquire Smith Transportation Services, a Sunrise, Florida-based third-party logistics and brokerage provider. Patriot Capital Group provided a unitranche debt facility and equity co-investment to support the buyout; Post Capital said the investment will fund technology investments, geographic expansion of its Load-to-Ride (LTR) offering and potential tuck-in acquisitions.