Carousel Capital announced today that an existing portfolio company of its fifth fund, Armstrong Transport Group (“Armstrong” or the “Company”), a non-asset based, third-party logistics platform that provides transportation management solutions via a national network of brokers and independent agents, has completed the acquisition of Eason Enterprises (“EE”), a provider of transportation brokerage services. This acquisition greatly expands Armstrong’s brokerage operation and enhances the management team with the addition of Ben Eason as Chief Revenue Officer. With the acquisition of EE, Armstrong will now operate from its headquarters in Charlotte and from the EE office in Boise, ID. Carousel believes that the combined organization will be better positioned to drive accelerated growth in the future as a result of the added talent present at EE and the ability to leverage their expertise to enhance and grow the rest of the Armstrong network.
K&L Gates acted as legal advisor in the transaction.