M&A Deal Summary

Angeles Equity Partners and KJM Capital Acquire Freymiller

On June 22, 2022, private equity firms Angeles Equity Partners and KJM Capital acquired transportation company Freymiller

Acquisition Highlights
  • This is Angeles Equity Partners’ 1st and KJM Capital’s 4th transaction in the Transportation sector.
  • This is Angeles Equity Partners’ 11th and KJM Capital’s 4th transaction in the United States.
  • This is Angeles Equity Partners’ 1st and KJM Capital’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2022-06-22
Target Freymiller
Sector Transportation
Buyer(s) Angeles Equity Partners
KJM Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
McAfee & Taft (Legal)

Target

Freymiller

Oklahoma City, Oklahoma, United States
Freymiller is a provider of temperature-controlled, time-sensitive freight transportation and logistics solutions. The Company offers a unique suite of highly complementary service offerings through a combination of an asset-based fleet, asset-light brokerage capabilities, and a full-service trucking dealership offering service & maintenance, and financing. Its national network delivers freight in 48 states serving a large and diverse customer base and is one of the few temperature-controlled platforms of scale in the industry. Freymiller is based in Oklahoma City, Oklahoma.

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Buyer(S) 2

Buyer

Angeles Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.

DEAL STATS #
Overall 11 of 16
Sector (Transportation) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 8
State (Oklahoma) 1 of 1
Country (United States) 11 of 15
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Agile

Gardena, California, United States

Agile owns and manages occupational healthcare clinics that focus on quality care and professional treatment for injured workers, with curated case management to drive timely return to work. Their services include workers’ compensation injury management, pre-employment screening, drug testing, and other recurring employee testing requirements. Agile is based in Gardena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Precision Surfacing Solutions

Rendsburg, Germany

Precision Surfacing Solutions is a developer of technology to produce micron accuracy surface finishes. Precision Surfacing Solutions is based in Rendsburg, Germany.

Buy -
Buyer

KJM Capital

Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

KJM Capital is a Florida-based private equity firm focused on acquiring family owned companies. The Firm seeks businesses with $20 to $100 million in revenues and at least $3 to $10 million of EBITDA. Sectors of interest include business services, specialty manufacturing, specialty distribution, transportation, and technology services. KJM was formed in 2014 and is based in Orlando.

DEAL STATS #
Overall 4 of 4
Sector (Transportation) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Oklahoma) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Blue Sky Logistics

Smithfield, Utah, United States

Blue Sky Logistics is a logistics service provider. Blue Sky Logistics maintains more than 30 power units and 35 refrigerated trailers. Blue Sky Logistics is based in Smithfield, Utah.

Buy -
Mergr

Product

Company

Legal