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AIT Worldwide Logistics Acquires GTS
February 5, 2024 |Trade Business

AIT Worldwide Logistics acquired the Netherlands-based Global Transport Solutions Group, a “prominent international freight forwarder specializing in time-critical marine spare parts logistics,” AIT said in a Feb. 1 news release. The terms of the deal weren’t disclosed.

Private Equity Firm Takes Majority Stake in Sayari
January 18, 2024 |Trade Business

Private equity firm TPG acquired a majority stake in Sayari, it said in a news release Jan. 16. The agreement between the companies allows TPG “to make an up to $228 million strategic majority investment in Sayari,” the release said. “Sayari’s founders, employees, and existing investors will retain a significant stake in the company.” Sayari recently won government contracts for services to support anti-forced labor efforts by CBP and the Labor Department (see 2401050051).