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Able Freight Services company logo
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Freight forwarding & courier services
ablefreight.com

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Founded Year

1993

Stage

Acq - Fin | Alive

About Able Freight Services

Able Freight Services is a provider of airfreight forwarding services focused on time-sensitive perishable goods.

Able Freight Services Headquarter Location

5510 West 102nd Street

Los Angeles, California, 90045,

United States

310-568-8883

Latest Able Freight Services News

Lincoln International Represents Able Freight Services In Securing Investment From Equity Group Investments

Oct 20, 2020

Lincoln International Represents Able Freight Services In Securing Investment From Equity Group Investments 10/20/20 Able’s CEO, Orlando Wong, invested alongside Equity Group Investments (EGI) in the transaction. The terms of the transaction were not disclosed. Founded in 1992, Able is the largest independent perishable freight forwarder specializing in temperature-sensitive and time-critical cargo for a wide array of blue-chip customers shipping to over 60 countries. Headquartered in Los Angeles, California, Able boasts long-standing relationships with leading commercial and cargo airlines and is supported by eight cold-storage locations in Los Angeles and San Francisco, California, Hawaii and Mexico. Lincoln International acted as the exclusive investment banking representative for Able, working closely with the company’s shareholders and management team throughout the transaction process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. Orlando Wong, shareholder and CEO of Able, commented, “The Lincoln team went above and beyond all expectations throughout the process – supporting management and allowing us to focus on running the company. We are extremely excited to partner with EGI and execute the next phase of our growth strategy.” About Equity Group Investments Equity Group Investments, founded by Sam Zell more than 50 years ago, has a long track record of building public and private businesses, including the origination and growth of multi-billion-dollar companies. EGI’s flexible capital and open investment mandate enable the firm to pursue opportunistic transactions across industries and geographies, throughout the capital structure, at any point in the economic cycle. EGI’s current portfolio includes investments in transportation and logistics, energy, waste and infrastructure, manufacturing, healthcare, agribusiness and real estate. For more information, visit www.egizell.com . About Able Able Freight Services is a leading provider of airfreight forwarding services with a focus on time-sensitive perishable goods. The company’s cold chain transportation and logistics services include air freight, ocean freight, warehousing/cold storage, brokerage, e-commerce and related technology services. Since 2018, Able has been ranked the #2 exporter out of Los Angeles International airport and Top 10 nationwide, by volume. Able leverages an extensive global agency network, strategic industry association partnerships with WCA Perishables and Cold Chain Connect as well as certifications and licenses from IATA, TSA, CBP and FDA among others. For more information, visit www.ablefreight.com .

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Expert Collections containing Able Freight Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Able Freight Services is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,723 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

A

Auto Tech

412 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

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