Carousel Capital has recapitalized Armstrong Transport Group LLC, a provider of freight brokerage solutions. No financial terms were disclosed for the transaction that was done in partnership with Armstrong management. K&L Gates was legal adviser to Carousel Capital on the transaction.
June 18, 2019 – Carousel Capital announced today that it has partnered with management to recapitalize Armstrong Transport Group, LLC (“Armstrong” or the “Company”), a leading non-asset based, logistics platform focused on providing freight brokerage solutions to a large and diverse customer base via a nationwide network of independent agents and employees.
Armstrong was founded in 2006 with the goal of building a freight brokerage platform to provide all the necessary tools an agent network needs to meet the growing and increasingly complex demands of shipper customers. Today, Armstrong is recognized as one of the Top 50 Freight Brokerage Firms in North America, facilitating nearly $500 million in transportation spend annually for over 4,000 customers.
Armstrong provides its nationwide network of employees and agents with a comprehensive suite of solutions including a leading proprietary technology platform, unparalleled back office and financial support, access to a network of over 40,000 carrier partners, and a highly competitive commission structure. Armstrong’s solutions enable agents to be entrepreneurs, concentrating on sales and growth, while Armstrong handles the back office administrative items such as transaction processing, customer invoicing, carrier onboarding and carrier payment. In addition, agents can leverage Armstrong’s brand name and reputation to grow their customer base and access additional carriers. Together with its network of agents and employees, Armstrong is focused on continuing to expand its reach and its service offerings for current and new customers.