M&A Deal Summary

Providence Equity Partners and ATL Partners Acquire GCL

On May 21, 2025, private equity firms Providence Equity Partners and ATL Partners acquired transportation company GCL from ATL Partners

Acquisition Highlights
  • This is Providence Equity Partners’ 4th and ATL Partners’ 4th transaction in the Transportation sector.
  • This is Providence Equity Partners’ 85th and ATL Partners’ 8th transaction in the United States.
  • This is Providence Equity Partners’ 12th and ATL Partners’ 2nd transaction in New York.

M&A Deal Summary

Date 2025-05-21
Target GCL
Sector Transportation
Buyer(s) Providence Equity Partners
ATL Partners
Sellers(s) ATL Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
J.P. Morgan Securities
Moelis & Co. (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

GCL

New York, New York, United States
GCL is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. GCL was founded in 1978 and is based in New York, New York.

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Buyer(S) 2

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 136 of 137
Sector: Transportation M&A 4 of 4
Type: Secondary Buyout M&A Deals 39 of 40
State: New York M&A 12 of 12
Country: United States M&A 85 of 86
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-01 Tax Systems

Staines-upon-Thames, United Kingdom

Tax Systems is a provider of corporate tax software and services in the UK and Ireland. Tax Systems solutions automate the end-to-end tax compliance process and are used by over 900 large corporations, as well as 23 of the top 25 UK accounting firms. Tax Systems was founded in 1991 and is based in Staines-upon-Thames, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-25 Modern Campus

Camarillo, California, United States

Modern Campus is a student lifecycle management solution provider driving Omni CMS and Destiny One, which empowers higher education institutions to thrive when radical change is required to successfully respond to lower student enrollments and revenue, rising costs, crushing student debt, and even school closures. Modern Campus was founded in 1995 and is based in Camarillo, California.

Buy -
DESCRIPTION

ATL Partners is a private investment firm focused on private equity and debt investments in the aerospace, transportation, and logistics sectors. ATL's minimum investment size is $75 million, however the Firm has the ability to invest up to $750 million with its co-investment partners. ATL Partners was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Transportation M&A 4 of 4
Type: Secondary Buyout M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Aero Accessories & Repair

Miramar, Florida, United States

Aero Accessories & Repair is a provider of aerospace component maintenance, repair, and overhaul (“MRO”) services. Aero Accessories & Repair was founded in 2007 and is based in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 GEOST

Tucson, Arizona, United States

Geost is a designer and integrator of small-to-medium-sized electro-optical/infrared sensors for high-value, national security space missions. Geost was founded in 2004 and is based in Tucson, Arizona.

Sell -

Seller(S) 1

DESCRIPTION

ATL Partners is a private investment firm focused on private equity and debt investments in the aerospace, transportation, and logistics sectors. ATL's minimum investment size is $75 million, however the Firm has the ability to invest up to $750 million with its co-investment partners. ATL Partners was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Transportation M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Aero Accessories & Repair

Miramar, Florida, United States

Aero Accessories & Repair is a provider of aerospace component maintenance, repair, and overhaul (“MRO”) services. Aero Accessories & Repair was founded in 2007 and is based in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 GEOST

Tucson, Arizona, United States

Geost is a designer and integrator of small-to-medium-sized electro-optical/infrared sensors for high-value, national security space missions. Geost was founded in 2004 and is based in Tucson, Arizona.

Sell -