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AEA SBF Acquires Scan Global Logistics and Announces Business Combination with TransGroup Worldwide Logistics
New York – August 2, 2016 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of Scan Global Logistics Holdings ApS (“SGL” or the “Company”). SGL is a leading asset-light freight forwarding and logistics business that helps its customers purchase and coordinate the movement of freight across various transportation modes and geographies. AEA SBF has acquired SGL in connection with its long-time U.S. strategic partner, TransGroup Worldwide Logistics (“TG”), a Seattle-based freight forwarder that provides high touch, customized logistics solutions to customers across the U.S. and Canada, to build a leading multi-tier freight forwarder.
Based in Denmark, SGL acts as a broker between shipping customers and asset-owning freight carriers, and helps to procure and organize lane capacity as well as provide value-added services such as customs clearance, quality control, and warehousing and distribution coordination. SGL goes to market through a global network of 43 offices and focuses on providing customized, complex, and high touch solutions to a diverse base of over 5,000+ Nordic and international blue-chip customers. With a strong track record of above-market performance, deep acquisition pipeline and an opportunity for management to build out the intra-Asian presence, SGL is well positioned for long-term growth.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services. AEA SBF is a strategy within AEA that currently manages nearly $1.0 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
About Scan Global Logistics
SGL is a global logistics organization with employees and partners all over the world. The Company’s leading position in the Nordic market and global transportation network enables it to reach even the most remote corners of the world. For over 30 years, SGL has been developing a flexible organization that is geared toward providing tailor-made logistics solutions. Whether a customer requires transportation from A to B or a more complex logistics solution, SGL’s goal is to keep its customers one step ahead.
About TransGroup Worldwide Logistics
Founded in 1986, TG is a North American based logistics organization that provides domestic and international freight forwarding and logistics services for customers in the United States and Canada. TG has a diverse service offering with multi-modal global operations across air, ship, truck and rail. TG’s customer centric approach, global reach, and industry leading software make TG a true single-source transportation and logistics provider.
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