US: Angeles Equity Partners acquires majority stake in Freymiller

Oklahama City, Oklahama US: Angeles Equity Partners, in partnership with KJM Capital, has taken a majority stake in refrigerated transport provider Freymiller. Freymiller has 600 vehicles and provides refrigerated load, dedicated refrigerated transport, logistics brokerage, and intermodal transport of food and other products nationwide. "Angeles is excited to be investing in the freight logistics sector alongside industry veterans with a long history of building and leading trucking and logistics businesses," said Sam Heischuber, principal at Angeles.

"The transportation and logistics market has seen significant disruption from the Covid pandemic. We believe that specialty providers with scale, like Freymiller, stand to benefit from the current macroeconomic environment, as demand for refrigerated logistics continues to grow in a market with tight capacity." The Angeles and KJM teams are specifically targeting refrigerated transport providers with scale and tenured management teams that could aggressively pursue organic growth and strategic mergers and acquisitions.

"This investment represents an opportunity for us to accelerate our growth.

We will focus on our mission to provide the most reliable temperature-controlled services to our partners while staying true to our values of safety, professionalism, integrity, and excellence," said David Freymiller, chief executive of Freymiller.