Sam Zell's private investment firm, Equity Group Investments, has announced an investment in East Coast Warehouse, a provider of temperature-controlled logistics to the food and beverage industry.
EGI is partnering with ECW's senior management team, which will continue leading the business and retain an ownership stake in the company. Terms of the transaction were not disclosed.
The partnership provides additional capital for add-on acquisitions and strategic support for the organization as it expands into new geographies. EGI President Mark Sotir, managing director Evan Harwood, and vice president Tyler Goldstein join ECW's board of directors alongside CEO Jamie Overley.
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