AFLG Holdings, Inc. Acquisition
We are pleased to announce that AFLG Transportation I, Inc., a subsidiary of AFLG Holdings, Inc. has recently acquired two FedEx ground routes located in the Tampa Bay area, Florida. FedEx Ground is a shipping company leader in its field that is a subsidiary of the Fedex Corporation, a US multinational courier delivery services company headquartered in Memphis, Tennessee.
The acquisition of the company reinforces our commitment to invest in great businesses where our capital and strategic insight can drive transformation that unlocks the company’s potential. Our investments span in a diverse range of industries with businesses that lift our communities.
According to Mr. Freddy Russian, our CEO and President of AFLG Holdings, Inc., “Through this acquisition, we are creating a unique strategic opportunity to strengthen and build on our capabilities to deliver even greater value. We are always looking for opportunities to enter new markets and redefine existing business models, and this is an opportune moment to unlock growth and profitability in the transportation sector.”