Integrity Express Logistics, LLC has sold a minority stake to EVE Partners, LLC
Southfield, MI – CFI USA (P&M Corporate Finance, LLC) is pleased to announce that it served as the exclusive financial advisor to Integrity Express Logistics, LLC (“IEL”) in its sale of a minority interest to EVE Partners, LLC (“EVE”).
IEL is a leading asset-light provider of third-party logistics (“3PL”) services across North America. The company services nearly every end market of the economy, providing full truckload, less-than-truckload, dry van flatbed/heavy haul, intermodal, and specialized rail transport logistics support, with unique expertise in refrigerated transport.
Founded in 2001, EVE is an investment firm focused solely on the transportation and logistics industry. Since its inception, EVE has advised on or invested in more than 140 transactions in the transportation and logistics space. As a minority stakeholder, Eve will provide IEL with the relationships, knowledge, and resources to help accelerate IEL’s growth trajectory.
“We hired PMCF to help us find the optimal transaction partner for IEL. They introduced us to a number of potential partners that ultimately led to this transaction. The creativity and responsiveness of PMCF during the pandemic allowed us to complete this transaction and bring on a great partner to the IEL team.”
The transaction closed on 1 March 2021.
The testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.
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