New York – December 15, 2021– AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced this week that its fund has closed the acquisition of Redwood Logistics, LLC (“Redwood” or the “Company”). Redwood Logistics is a leading provider of third-party logistics services, including digital freight brokerage, managed transportation and supply chain technology implementation services, all powered by the industry’s premier supply chain integration platform. The Company has a proven track record of building deep relationships with shippers, utilizing its holistic logistics offerings and best-in-class technology platform to effectively and efficiently enable customers across a diverse array of end markets to move freight across North America. AEA’s investment in Redwood represents an exciting opportunity to invest in the attractive truck brokerage and managed transportation markets, which are both highly fragmented and enjoy strong, mid-to-high single-digit market growth, driven by tailwinds of rising global logistics complexities as well as increasing brokerage penetration and outsourcing of transportation functions to third parties.
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 and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $14 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments.
About Redwood Logistics
Headquartered in Chicago, IL, Redwood was founded in 2001 with the goal of creating a leading truck brokerage and managed transportation business that focused on innovation and providing superior customer service. Since its founding, Redwood has successfully executed on this vision, developing best-in-class technical capabilities as well as deep-rooted, strategic relationships with blue-chip customers. In recent years, Redwood has made several investments aimed at expanding its technical leadership, including internally developing and launching the industry’s first no-code logistics connectivity platform, RedwoodConnect. Learn more at https://www.redwoodlogistics.com/
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner and Erik Carlson
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