According to www.aircargonews.net, World Freight Company (WFC), a global General Sales and Service Agent (GSSA) giant, has been sold to Brookfield Asset Management in a transaction valued at $1.2 billion.
Transaction Details and Ownership Timeline
The deal was announced on 15 May 2026 by PAI Partners and BPEA Private Equity Fund VI — which merged into EQT — the current owners since 2018. That acquisition followed an earlier purchase in 2015 by Greenbriar Equity Group. The 2018 transaction was reported by Reuters to be worth approximately €600 million. Under PAI and EQT’s ownership, WFC completed 20 acquisitions, expanding its portfolio and operational footprint. The sale is subject to customary closing conditions and is expected to close by the end of 2026.
Global Scale and Operational Footprint
Founded in 2004, WFC operates as one of the world’s largest GSSA groups, listing around 25 brands on its website — including Air Logistics Group, ATC, Kales, Wexco, and HAE. Collectively, its companies serve more than 300 airlines across 3,500 trade lanes and support over 16,000 freight forwarders in more than 80 countries. Its presence spans key international trade routes, with local capabilities embedded across North America, Europe, Asia, and the Middle East.
Strategic Rationale and Leadership Statements
Brookfield emphasized WFC’s position within the “resilient global airfreight ecosystem” and outlined plans to invest in technology and commercial execution. Alex Yang, managing partner, Private Equity, Brookfield, stated:
“World Freight Company is a high-quality platform operating in a critical segment of the resilient global airfreight ecosystem, supported by long-standing customer relationships. With its global scale, local capabilities, and leading market position, WFC is well positioned to benefit from industry consolidation.”
Vikram Singh, group chief executive of WFC, affirmed continuity in strategy:
“We would like to thank PAI and EQT for their support and partnership over the past several years. Together, we have materially strengthened WFC’s platform, expanded our capabilities and continued to invest in innovation and customer service.”
Guillaume Leblanc, partner at PAI Partners, highlighted growth metrics:
“During our investment, WFC completed 20 acquisitions and has developed into a truly scaled global platform with differentiated digital and operational capabilities.”
Advisory Roles and Industry Context
Deutsche Bank served as lead financial adviser to PAI, EQT, and WFC; Freshfields acted as legal adviser to EQT. This transaction reflects broader consolidation trends in the airfreight services sector. In parallel, Riyadh Cargo appointed GSSA partners across Egypt, India, and the United Arab Emirates on 14 May 2026, while ECS Group expanded its GSA services for My Freighter across multiple European markets earlier this year. According to IATA, global airfreight volumes grew 4.2% year-on-year in Q1 2026, underpinning demand for integrated GSSA platforms with scalable digital infrastructure. WFC’s reported 80-country footprint and 3,500 trade lanes align with industry-wide shifts toward centralized, tech-enabled sales and service delivery — a trend also observed in recent moves by DHL and Kuehne + Nagel to consolidate regional GSSA partnerships.
Source: Air Cargo News
Compiled from international media by the SCI.AI editorial team.
