ATL Partners, bcIMC buy controlling stake in Pilot Freight Services
U.S. private equity firm ATL Partners and British Columbia Investment Management Corp (bcIMC) have acquired a controlling interest in Pilot Freight Services LLC, a Lima, Pennsylvania transportation and logistics provider. No financial terms were disclosed. The Phillips family, the company's current owners, will maintain an equity stake, and Richard Phillips will remain as CEO. Pilot, which has 75 locations in North America and Europe, said the partnership with ATL and bcIMC will support its growth plans. Based in Victoria, bcIMC oversees $121.9 billion of net assets.
26 October 2016•4 mins read
