Angeles Equity Partners acquires refrigerated transport company Freymiller

• Houlihan Lokey Inc was financial advisor to Freymiller
• David Freymiller is president and CEO of Freymiller
• Freymiller is headquartered in Oklahoma City

Angeles Equity Partners has acquired a majority stake in Freymiller, a provider of refrigerated transport and freight brokerage solutions to support cold chain management. No financial terms were disclosed. KJM Capital also participated in the deal.

Headquartered in Oklahoma City, Freymiller provides refrigerated load, dedicated refrigerated trucking, logistics brokerage and intermodal transportation services over a national network of freight lanes.

On the deal, Sam Heischuber, a principal at Angeles, said in a public statement: “The transportation and logistics market has seen significant disruption from the COVID pandemic. We believe that specialty providers with scale, like Freymiller, stand to benefit from the current macroeconomic environment, as demand for refrigerated logistics continues to grow in a market with tight capacity.”

Simpson Thacher & Bartlett LLP provided legal counsel to Angeles Equity Partners and KJM Capital. KPMG LLP provided transaction advisory services to Angeles Equity Partners and KJM Capital. Houlihan Lokey Inc was financial advisor to Freymiller in the transaction, and McAfee & Taft was its legal advisor.