Argosy Private Equity has announced a new platform investment — K&L Freight Management, an asset-light third-party logistics provider. K&L specializes in time-sensitive, mission-critical freight services for the food and beverage, life sciences, energy, and other industries. The company’s senior management team is investing alongside Argosy in the transaction. Financial terms were not disclosed.
Founded in 1997 and headquartered in St. Charles, Ill., K&L offers a specialized suite of services, including expedited ground and air, temperature-controlled logistics, time-sensitive flatbed and cross-border solutions. K&L has completed two recent acquisitions to diversify its service offering and expand its customer base.
“Since founding K&L in 1997, we have strived to build a company that continues to earn our customers’ trust with every shipment,” said Russell Gallemore, founder of K&L Freight. “In Argosy, we believe we have found a part
