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Argosy Private Equity, a lower middle market private equity firm based in Wayne, Pennsylvania, has acquired a controlling interest in K&L Freight Management, an asset-light third-party logistics provider.
The deal marks a deliberate push by Argosy into the 3PL sector, where firms that move freight without owning the underlying assets have drawn sustained investor interest.
A Strategic Bet on Asset-Light Logistics The acquisition of K&L Freight Management fits a pattern that private equity has pursued with increasing conviction: owning the coordination layer of supply chains rather than the trucks, warehouses, or rail cars themselves.
Asset-light 3PL operators generate returns tied to volume and margin management rather than capital expenditure cycles, making them attractive targets for firms that prioritize capital efficiency.
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