Azalea Capital Announces Sale of ACL Airshop

Azalea Capital is pleased to announce that ACL Airshop, a portfolio investment of The Azalea Fund IV, L.P., has been acquired by Alinda Capital Partners.  ACL Airshop, headquartered in Greenville, SC, owns, maintains and leases more than 50,000 Unit Load Devices, including air freight pallets and containers issued from 55 airport locations across North America, Europe, Asia, the Middle-East and Latin America.  ACL Airshop is a global leader in providing air cargo solutions to over 200 airlines, air cargo carriers and other transportation clients.

Alinda is a global investment firm focused on mid-market infrastructure assets providing essential services.  Steve Townes, CEO of ACL Airshop, who will remain with the company, said “Alinda is among the world’s most successful investors in infrastructure, including transportation and logistics.  We are excited to partner with Alinda to expand our customer service offerings and continue the rapid growth ACL Airshop has experienced over the past several years by being an innovative, service driven organization.  Our leadership team, who will remain intact, has enabled us to become a leader in the international air cargo and logistics market.  We are excited to build on our worldwide organization as the market continues to demand the just-in-time delivery of critical air cargo services.”

Partnering with Azalea Capital in the initial acquisition of ACL Airshop was Argosy Capital, Balance Point Capital, and Orix Capital.

Azalea Capital partners with entrepreneurs, management teams, and family-owned companies with revenues of at least $10 million. By providing growth capital, operating expertise, and industry experience we seek to significantly enhance the long-term value of our investments.

For additional information about Azalea Capital and its family of investment funds, please call or visit our website at www.azaleacapital.com.