In a position’s CEO, Orlando Wong, invested alongside Fairness Group Investments (EGI) within the transaction. The phrases of the transaction weren’t disclosed.
Based in 1992, In a position is the biggest impartial perishable freight forwarder specializing in temperature-sensitive and time-critical cargo for a big selection of blue-chip prospects delivery to over 60 nations. Headquartered in Los Angeles, California, In a position boasts long-standing relationships with main business and cargo airways and is supported by eight cold-storage places in Los Angeles and San Francisco, California, Hawaii and Mexico.
Lincoln Worldwide acted because the unique funding banking consultant for In a position, working intently with the corporate’s shareholders and administration staff all through the transaction course of. This included offering advisory experience and managing the preparatory, advertising, due diligence and negotiation phases of the transaction.
Orlando Wong, shareholder and CEO of In a position, commented, “The Lincoln staff went above and past all expectations all through the method – supporting administration and permitting us to deal with operating the corporate. We’re extraordinarily excited to accomplice with EGI and execute the following section of our progress technique.”
About Fairness Group Investments
Fairness Group Investments, based by Sam Zell greater than 50 years in the past, has a protracted observe report of constructing private and non-private companies, together with the origination and progress of multi-billion-dollar firms. EGI’s versatile capital and open funding mandate allow the agency to pursue opportunistic transactions throughout industries and geographies, all through the capital construction, at any level within the financial cycle. EGI’s present portfolio consists of investments in transportation and logistics, vitality, waste and infrastructure, manufacturing, healthcare, agribusiness and actual property. For extra info, go to www.egizell.com.
About In a position
In a position Freight Providers is a number one supplier of airfreight forwarding companies with a deal with time-sensitive perishable items. The corporate’s chilly chain transportation and logistics companies embrace air freight, ocean freight, warehousing/chilly storage, brokerage, e-commerce and associated expertise companies. Since 2018, In a position has been ranked the #2 exporter out of Los Angeles Worldwide airport and Prime 10 nationwide, by quantity. In a position leverages an in depth world company community, strategic business affiliation partnerships with WCA Perishables and Chilly Chain Join in addition to certifications and licenses from IATA, TSA, CBP and FDA amongst others. For extra info, go to www.ablefreight.com.