M&A Deal Summary

GHK Capital Partners Acquires Horizon Air Freight

On August 26, 2024, private equity firm GHK Capital Partners acquired transportation company Horizon Air Freight from ICV Capital Partners

Acquisition Highlights
  • This is GHK Capital Partners’ 2nd transaction in the Transportation sector.
  • This is GHK Capital Partners’ 8th transaction in the United States.
  • This is GHK Capital Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2024-08-26
Target Horizon Air Freight
Sector Transportation
Buyer(s) GHK Capital Partners
Sellers(s) ICV Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
DLA Piper (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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Buyer(S) 1

DESCRIPTION

GHK Capital Partners is a private equity firm focused on acquiring mid-sized industrial companies with $15 to $40 million of EBITDA. The Firm looks to partner with management teams when pursuing transactions and will consider opportunities throughout the US. GHK Capital Partners was established in 2018 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 8
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 4 of 4
State (New York) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Supreme Cabinetry Brands

Howard Lake, Minnesota, United States

Supreme Cabinetry Brands manufactures residential cabinetry in America with a portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing facilities located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, craft framed and frameless cabinetry for a nationwide network of dealers. Supreme Cabinetry was formed in 1954 and is headquartered in Howard Lake, Minnesota.

Sell $520M

Seller(S) 1

SELLER

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 15 of 15
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 8 of 8
State (New York) 2 of 2
Country (United States) 15 of 15
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Desi Fresh Foods

Farmingdale, New York, United States

Desi Fresh Foods develops and markets branded Indian yogurts (Dahi) and cheese (Paneer) which is predominantly sold through ethnic retailers. Desi has established itself as the #1 Indian Dahi brand in the U.S. The company enjoys the widest brand awareness, highest net promoter score, and widest distribution among any Dahi brand in the U.S. Desi Fresh Foods is based in Farmingdale, New York.

Buy -