27 Feb 2020 AHG confirms sale of AHG Refrigerated Logistics

AP Eagers today announced the sale of AHG Refrigerated Logistics (RL). The sale includes the Rand, Harris, Scott’s and JAT businesses.

AP Eagers, announced they have entered into a binding agreement to sell RL to Anchorage Capital Partners (“Anchorage”). Anchorage are a leading Australian-based private equity firm with a well-established track record of acquiring and growing a wide variety of companies across the Asia-Pacific region.

For a number of years now, AHG RL has continued to build and confirm themselves as a leading provider of refrigerated transport and logistics in Australia, covering almost every corner of the country. Anchorage represents an ideal owner, indicating its commitment to growing and continuing to invest in the refrigerated logistics business so we can continue to serve our customers.

The management team expect a smooth transition of ownership, with no disruption to the existing business over the course of the transition.