Quad-C Announces Exit of its Investment in AIT Worldwide to The Jordan Company in $1.205 Billion Recapitalization
Charlottesville, VA, March 17, 2021 – Quad-C (“Quad-C”), a leading middle market private equity firm, announced today that it has agreed to sell its stake in AIT Worldwide Logistics, Inc. (“AIT”), a leading international non-asset-based freight forwarder, to The Jordan Company in a recapitalization valued at over $1.2 billion. President and CEO Vaughn Moore and his […]