Argosy Private Equity announced Monday that it acquired a controlling interest in asset-light 3PL K&L Freight Management. Financial terms of the transaction were not disclosed.
K&L’s service footprint and market focus
St. Charles, Illinois-based K&L offers expedited ground and air transportation, time-sensitive flatbed and cross-border services, and temperature-controlled logistics. It primarily serves the food and beverage, life sciences and energy markets through “a curated network of highly-vetted carriers.”
The company operates from its headquarters in St. Charles, Illinois, and maintains a dedicated carrier network vetted for reliability, compliance, and specialized equipment capability. Its temperature-controlled logistics division supports pharmaceutical shippers requiring strict adherence to 2°C–8°C and 15°C–25°C ranges, while its cross-border offerings include U.S.–Mexico expedited lanes with customs brokerage integration.
Strategic rationale and leadership continuity
“The Company has built a differentiated service-oriented platform that provides specialized logistics solutions to its customer base,” said Seth Wilson, partner at Argosy. “We are looking forward to working with the senior team to help drive the next phase of K&L’s growth.”
K&L recently completed two acquisitions, which expanded its offering and customer book. As part of the latest transaction, the K&L management team has made an investment and will continue to lead the operation. Pat Draut, president at K&L, affirmed this continuity: “We are looking forward to partnering with Argosy as we continue to scale the K&L platform.” He added, “We also intend to continue pursuing opportunities with the same focus on execution that has defined K&L for nearly three decades.”
Event calendar context
Supply Chain AI Symposium takes place on July 15, 2026 at The Old Post • Chicago, IL. The event brings together operators, founders, and enterprise leaders focused on deploying AI in supply chain operations.
Also scheduled is the F3: Future of Freight Festival, running from October 27, 2026 – October 28, 2026 at The Signal at Chattanooga Choo Choo • Chattanooga, TN. The festival features industry-defining keynotes, rapid-fire technology demos, and networking across multiple venues — including the inaugural F3 Awards Dinner, which reveals the FreightTech and ShipChoice award winners.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
