Calera Capital: FitzMark Sells Majority Interest To Private Equity Firm

FitzMark announced the completion of a majority recapitalization with Calera Capital, in which the private equity firm has acquired a majority interest.Terms of the deal were not disclosed.The Indianapolis-based third-party logistics provider has been very active acquiring brokerage shops in recent months, suggesting the proceeds from the recapitalization will likely be earmarked for future acquisitions.Earlier this month, FirstMark announced the acquisition of Fetch Logistics, its third acquisition of 2020 and the fourth in the past two years. That deal expanded the company to five brokerage offices, 225 employees and consolidated annual revenue of approximately $300 million."We are excited to be partnering ...Full story available on Benzinga.com