Rock-It Cargo LLC, a Philadelphia, PA-based provider of forwarding and logistics services, has received an undisclosed sum of financing from middle-market private equity firm Calera Capital.
The investment was made in partnership with the company’s management.
Commenting on the deal, David Bernstein, CEO of the company, said: “Calera will be a valued partner as we look to further extend the Rock-It platform, enable our independent brands to grow more quickly, execute on operational initiatives and grow in targeted segments both organically and through acquisition.
“Most importantly, we fully intend to preserve the strong, client-focused culture that has driven our success as we pursue these opportunities and continue to build the business”.
“Most importantly, we fully intend to preserve the strong, client-focused culture that has driven our success as we pursue these opportunities and continue to build the business”.
Rock-It Cargo has over 200 employees in 23 offices in the US and around the world (with offices at major airports in London, Tokyo, Sydney, Mexico City, Munich, Johannesburg).
FinSMEs
06/01/2010