Quad-C backs fast-growing North Carolina transport group with investment

Private equity firm Quad-C announced Wednesday it has made a strategic investment in Charlotte, North Carolina-based Armstrong Transport Group.

Terms of the transaction were not disclosed. Armstrong's executive leadership team, led by CEO Cameron Ramsdell, will remain in place and retain significant ownership of the company, while the new partnership provides capital to accelerate both organic growth and strategic acquisitions.

"We selected Quad-C because of their deep experience partnering with growth-oriented management teams in the transportation and logistics sector," Ramsdell said in a news release.

Founded in 2006, Armstrong operates a non-asset-based third-party logistics platform through a nationwide network of independent freight agents and direct brokers.

Armstrong  arranges truckload, less-than-truckload, heavy-haul, flatbed, temperature-controlled and cross-border freight throughout the U.S., Canada and Mexico.

The Quad-C investment comes as Armstrong celebrates its 20th year in business after a period of rapid expansion.

According to a recent company post on LinkedIn, Armstrong grew to approximately $440 million in revenue during its first 13 years before nearly

Fuente original: Yahoo Finance (https://finance.yahoo.com/small-business/articles/quad-c-backs-fast-growing-150922747.html)