ET 15:00

AIT Worldwide Logistics Sells Majority Stake to Greenbriar Equity Group

Greenbriar Equity Group has acquired a majority stake in AIT Worldwide Logistics, the 27th-largest U.S. logistics provider with 2024 revenue of $2.6 billion, to accelerate its expansion strategy. AIT's owners, The Jordan Company, acquired the firm in 2021. Under their ownership, AIT expanded globally, completed 14 acquisitions, and grew revenue more than 300%. The Jordan Company and AIT's executive team will retain minority stakes. Deal terms were not disclosed. AIT Chairman and CEO Vaughn Moore stated the partnership will drive growth in key markets through talent and technology investments while maintaining customer-focused service. Greenbriar Managing Director Michael Wang highlighted AIT's strong platform and positioned it to meet increasing demand for integrated logistics across technology and life sciences sectors. Closing is expected before the fourth quarter, subject to regulatory approvals.

EditorWong Mei Ling