HIG Capital LLC, a global private equity firm, announced that its affiliate has made a strategic investment in Raymond Express International (REI).
Founded in 1983, REI is an asset-light logistics provider specializing in transportation for temperature-sensitive products. From its facilities in San Francisco CA, Los Angeles CA, and Seattle WA, the company primarily services military and commercial customers seeking to transport perishables from the US West Coast to Asia.
HIG has partnered with REI’s founder, chief executive officer Raymond Wong, and his co-shareholder and executive vice-president David Moore to continue the company’s 30-year track record of providing reliable and efficient logistics services to customers. Enlightenment Capital, an aerospace, defense, and government-focused investment firm, invested alongside HIG.
Since its founding in 1993, HIG invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of $30 billion.
For more information, refer to www.higcapital.com.
