Private investment firm ICV Partners LLC invested in Horizon Air Freight Inc., a New York-based specialized freight forwarder.
Financial terms were not disclosed.
ICV Partners was advised by BDO and DLA Piper in connection with the deal. Jefferies and BB&T Capital Markets acted as financial advisers to the sellers, while Holland & Knight provided legal counsel.
Horizon Air Freight provides international routing, air and sea freight export, U.S. customs clearance and domestic forwarding services.
ICV Partners focuses on the lower middle market.
