Freymiller Facebook

Freymiller adds ‘angelic’ investor

June 24, 2022
Angeles Equity Partners, in association with KJM, acquires a majority stake in Oklahoma-based refrigerated hauler with plans to help ‘accelerate’ growth.

Freymiller has an ‘angelic’ new investor.

Angeles Equity Partners, in partnership with KJM Capital, recently invested in the Oklahoma City, Okla.-based refrigerated transporter’s holding company, OBS Holdings, with plans to help drive the next stage of the business’ growth.

Terms of the transaction were not disclosed.

“Angeles is excited to be investing in the freight logistics sector alongside industry veterans with a long history of building and leading trucking and logistics businesses,” said Sam Heischuber, principal at Angeles.

In addition to refrigerated trucking services, Freymiller also provides a logistics brokerage and intermodal solutions across its national network of freight lanes. Supported by a fleet of more than 600 tractors, in-house maintenance, and fleet dealership capabilities, Freymiller provides late-model equipment to support the time-sensitive needs of leading food and other cold chain distribution partners, the companies said.

“The transportation and logistics market has seen significant disruption from the COVID pandemic,” Heischuber added. “We believe that specialty providers with scale, like Freymiller, stand to benefit from the current macroeconomic environment, as demand for refrigerated logistics continues to grow in a market with tight capacity.”

Angeles says its investment in Freymiller originated from a targeted sector focus on differentiated transportation and logistics providers. The Angeles and KJM teams’ experience partnering with these companies to drive growth led them to specifically target refrigerated transport providers with scale and tenured management teams that could aggressively pursue organic growth, and strategic mergers and acquisitions.

“This investment represents an opportunity for us to accelerate our growth,” said David Freymiller, CEO of Freymiller. “We will focus on our mission to provide the most reliable temperature-controlled services to our partners while staying true to our values of safety, professionalism, integrity, and excellence.

“I am looking forward to the next chapter in our company’s story in partnership with Angeles, as we provide more opportunities for our team members and expand partnerships with our customers.”

About the Author

Commercial Vehicle Staff

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!