Investment Summary

ICV Capital Partners Invests In Horizon Air Freight

On October 3, 2019, private equity firm ICV Capital Partners invested in transportation company Horizon Air Freight

Investment Highlights
  • This is ICV Capital Partners’ 2nd transaction in the Transportation sector.
  • This is ICV Capital Partners’ 23rd transaction in the United States.
  • This is ICV Capital Partners’ 2nd transaction in New York.
Investment Fate
  • Horizon Air Freight was sold to a consortium of financial buyers in 2024.

Investment Summary
Date 2019-10-03
Target Horizon Air Freight
Sector Transportation
Investor(s) ICV Capital Partners
Deal Type Growth Capital
Advisor(s) Jefferies
BB&T Capital Markets (Financial)
Holland & Knight (Legal)

Target

Horizon Air Freight

Jamaica, New York, United States
Horizon Air Freight is a specialized freight forwarder focused on the marine industry serving leading U.S.and international shipping companies and cruise lines. Horizon Air Freight was founded in 1970 and is based in Jamaica, New York.

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Investor(S) 1

Investor

ICV Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.

DEAL STATS #
Overall 24 of 33
Sector (Transportation) 2 of 3
Type (Growth Capital) 3 of 5
State (New York) 2 of 4
Country (United States) 23 of 31
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 SAFE Security

San Ramon, California, United States

SAFE Security, Inc. is one of the largest providers of security alarm systems in the United States. SAFE provides alarm monitoring and related services to over 100,000 customers in all 50 states, Puerto Rico and Canada. Company Founded in 1988 and headquartered in San Ramon, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 JK&T Wings

Shelby Township, Michigan, United States

JK&T Wings is a franchisee of Buffalo Wild Wings ("BWW"). JK&T Wings was founded in 1994 and is based in Shelby Township, Michigan.

Buy -
Mergr

Product

Company

Legal