PE firms buy 3PL Navajo Expedited, target other acquisitions

Private equity firms Centre Partners and Altivare Capital Partners have acquired 3PL Navajo Expedited. The investment targets the driver-vetting and pricing automation capabilities of the broker, while the duo is seeking complementary acquisitions. Navajo Expedited, based in Lakeland, Florida, previously operated as part of Navajo Express, a fleet of 300 units involved in over-the-road and dedicated transportation services.

The eight-year-old company specializes in dry van and temperature-controlled freight transportation for food and beverage, consumer packaged goods, and industrial shippers. Navajo Expedited's proprietary technology platform is supported by a network of 8,000 vetted carriers. The company is led by Brandon Bodine, an industry veteran with 15 years of experience.

Centre Partners and Altivare Capital Partners will provide Centre's investment to fuel Navajo Expedited's growth, which could involve further acquisitions and the expansion of the company's technology platform.