Alinda Capital Partners buys ACL Airshop.
ACL Airshop, which provides air cargo unit load device logistics solutions to more than 200 airlines, air cargo carriers, and other transportation clients around the world, is being purchased by Alinda Capital Partners, an infrastructure fund manager.
The transaction was concluded this month, according to a news release, but details were not disclosed.
ACL opened a new headquarters building at a high-profile spot near the junction Interstates 85 and 185 in a ceremony on May 17, 2019. The new location was a $7.2 million investment by the company and brought 32 jobs to Greenville, CEO and President Steve Townes said at the time.
The company sells, leases, repairs and manages unit load devices, known in the industry as ULDs the containers, straps, pallets and netting that secures cargo during transit. Workers at the Greenville facility manufacture some of that equipment. In addition to the 32 new jobs, the building employs 90 others who had worked at ACL Airshop's old plant in Easley.
"We could have outsourced this entire expansion to lower-cost overseas locations, but instead we made a deliberate decision to build and grow right here at home," Townes said when he dedicated the new building. "We're glad we made this statement right here with 110,000 cars a day seeing who we are and why we did it here."
Alinda is an independent investment firm "focused on mid-market infrastructure assets that provide essential services," the news release said. Alinda has holdings in infrastructure businesses in all 50 U.S. states, as well as in Canada, the United Kingdom and Europe and serves more than 100 million customers annually.
"Alinda is among the world's most successful investors in infrastructure, including transportation and logistics," Townes said in the release. "Alinda also has a successful track record of investment in pooled and leased equipment, and is experienced in backing growth-oriented companies. They are committed to ACL Airshop's strategy...
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