Platinum Equity has completed the acquisition of substantially all the assets of Bridge Terminal Transport Inc. from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group. Financial terms of the transaction were not disclosed. The business will continue to operate under the Bridge Terminal Transport brand going forward.
BTT, based in Charlotte, N.C., operates through a network of 28 terminals, 25 container yards and more than 1,300 owner-operators.
Platinum Equity currently owns a controlling stake in Neovia Logistics, a global, integrated logistics services provider; MXD Group, a provider of last-mile logistics services; Keen Transport, a national provider of heavy-haul logistics and transportation services; and Active Aero, a provider of expedited transportation and logistics solutions.
The firm recently completed raising Platinum Equity Capital Partners III, a $3.75 billion buyout fund focused on investing in businesses that can benefit from Platinum Equity's operational expertise.