The Resolute Fund II L.P., an affiliate of the Jordan Co., announced that it has acquired American Fast Freight.
AFF specializes in providing less-than-container load domestic ocean freight forwarding services. Financial terms of the transaction were not disclosed.
Headquartered in Renton, Wash., AFF is an asset-light logistics provider that utilizes a network of company assets and personnel located in select strategic markets, Jones Act-compliant ocean carriers and barges and third-party agents and surface transportation companies.
Employing IT systems and custom-designed processes, AFF performs or coordinates all of the consolidation and deconsolidation activities and transportation movements it provides to customers.
Mayer Brown LLP acted as legal advisor to Jordan Co. Raymond James & Associates, Inc. acted as a financial advisor to AFF, and Perkins Coie LLP acted as its legal advisor.