AIT Worldwide Logistics lands new owner

Core Insights - AIT Worldwide Logistics has sold a majority stake to Greenbriar Equity Group to support its aggressive expansion strategy aimed at organic growth and acquisitions by 2030 [1][5] - The Jordan Company, L.P. is cashing in on its 2021 acquisition of AIT Worldwide, while retaining a stake in the company alongside AIT's executive team [2] - Under TJC's ownership, AIT has expanded significantly, acquiring 14 businesses and increasing gross revenue by over 300% [3] - AIT is ranked as the 27th largest U.S.-based logistics provider with a projected gross revenue of $2.6 billion for 2024 [4] - The acquisition is noted as one of the largest private acquisitions in the global freight forwarding sector, although specific terms were not disclosed [4] - Greenbriar Equity, managing over $15 billion in committed capital, has a history of investing in transportation and logistics, with a diverse portfolio [6] - Greenbriar's Managing Director emphasized AIT's strong leadership and operational excellence, positioning the company to meet the evolving demands of integrated logistics solutions [7]