GeoLogistics, based in Santa Ana, CA, is a conglomerate of several logistics and trucking companies, including Bekins Van Lines and global freight forwarder Matrix International. The $1.5 billion company offers a variety of services, including transportation management, freight-forwarding and customs brokerage, warehousing, time-definite distribution, project cargo management, consulting and supply chain management.
In addition to funding operational enhancements, proceeds from the Questor investment will be utilized to pay down bank debt and strengthen GeoLogistics’ balance sheet, the company said. Questor will also get five seats on the 10-member GeoLogistics board of directors, which also includes representation from company management, William E. Simon & Sons, Oaktree Capital Management, and a separate group of equity holders.
"This transaction will help reinforce the strong foundation we are building for the future," said Bob Arovas, GeoLogistics’ CEO. "This new funding will support a number of strategies to improve our operational capabilities and continue to grow our global logistics business."
