ICV Partners Announces Investment in Horizon Air Freight
Summary
Led by Steve Leondis, Chief Executive Officer, HAF has grown by winning US and European customers and through keen focus on around-the-clock service and attention to detail. Mr. Leondis said, "ICV has successfully invested in logistics companies similar to ours, they understand our business model, and their experience will be extremely valuable as we seek ways to better serve our existing and future customers. Given the fragmented nature of the industry we expect to make strategic acquisitions that broaden our reach and capabilities so HAF can continue to provide best in class service to shipping companies and cruise lines worldwide. Jefferies and BB&T Capital Markets served as financial advisors to the sellers and Holland & Knight provided legal counsel. Over its first four funds, the principals of ICV have crafted a strong track record of helping companies expand their footprint and improve performance over the long term and across a variety of industries.