Harris Williams & Co. Advises AIT Worldwide Logistics on its Financial Partnership with Quad-C Management Inc.

October 23, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announced that it advised AIT Worldwide Logistics, Inc. (AIT) on the formation of its financial partnership with Quad-C Management Inc. (Quad-C). AIT is an international transportation and logistics company employing nearly 1,000 dedicated logistics professionals in more than 50 offices around the world. The transaction was led by Jason Bass, Frank Mountcastle, Jeff Burkett and Jonathan Meredith of Harris Williams & Co.’s Transportation & Logistics (T&L) Group.

“Since acquiring the company in 2012, AIT’s executive leadership team has built a world-class logistics platform that is highly regarded across the supply chain industry,” said Jason Bass, a managing director at Harris Williams & Co. “It is through partnerships with clients like AIT that the firm has been able to build one of the leading middle market sell-side platforms serving the logistics industry.”

“We have the utmost respect for what this team has accomplished and we are very proud to have represented AIT on this transaction” added Jeff Burkett, a director at Harris Williams & Co. “We are confident Quad-C will be a great partner for the company and that together, AIT will continue its successful growth in the coming years.”

AIT’s President and CEO Vaughn Moore said, “Harris Williams & Co. provided valuable assistance throughout our deliberate process to select a financial partner that would be the best fit for AIT. We are thrilled to be partnering with Quad-C, a firm that supports AIT’s strategic growth plan while demonstrating a high degree of alignment with our company culture.”

AIT is a leading asset-light logistics firm delivering a specialized set of solutions for the world’s most complex supply chains. AIT, headquartered in Itasca, Illinois, provides a full suite of integrated global supply chain services, including ocean and air freight forwarding, domestic transportation management, customs brokerage and other value-added logistics offerings.

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation and logistics companies. In its 25-year history, Quad-C has invested over $2.5 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy duty vehicle, truck, rail, marine and air transportation, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.