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Quad-C Management Backs Logistics Firm Armstrong Transport Group

Private equity firm Quad-C Management has secured a stake in Armstrong Transport Group, a Charlotte-based freight brokerage currently generating approximately $1.5 billion in annual revenue. The deal, terms of which remain undisclosed, aims to fuel the logistics company’s expansion through both organic growth and strategic acquisitions in North America.

Quad-C Management Backs Logistics Firm Armstrong Transport Group

Founded in 2006, Armstrong operates a network that connects commercial shippers with carriers for full truckload, flatbed, and temperature-controlled freight across the United States, Canada, and Mexico. The company recently ranked among the top 15 freight brokerages in North America according to Transport Topics. Under the new agreement, Armstrong’s existing executive team will retain their positions and maintain a significant ownership stake in the business.

Cameron Ramsdell, CEO of Armstrong, cited Quad-C’s specific experience in the transportation and logistics sector as the primary driver for the partnership. The investment follows a string of similar moves by the Charlottesville-based private equity firm, which has previously backed companies such as AIT Worldwide Logistics and MNX Global Logistics. Quad-C partners Tom Hickey, Michael Brooks, and Spencer Burkholder emphasized that Armstrong’s technology-forward approach and agent-centric model were central to their decision to invest.

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