Carousel Capital Recapitalizes Armstrong Transport Group
June 18, 2019
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.
- Buyers
- Carousel Capital
- Targets
- Armstrong Transport Group, LLC
- Industry
- Logistics & Distribution
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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