08/27/2024
Citizens Advises GHK Capital Partners on its Acquisition of Horizon Group
PROVIDENCE, RI – Citizens announced today that it served as the exclusive financial advisor to GHK Capital Partners LP, a middle-market private equity firm based in Greenwich, CT, on its acquisition of NY-based Horizon Group.
Founded in 2018, GHK is a leading middle-market private equity firm focused on making control investments in U.S.-based companies across the industrials sector with a strong presence in the logistics sector.
Founded in 1970, Horizon Group is a leading global provider of specialized international freight forwarding focused on time-critical marine spare parts logistics. Operating out of over 30 locations across the Americas, Europe and Asia, Horizon offers services spanning multimodal logistics for marine spares, supplies, and equipment and port agency solutions to a customer base of more than 6,000 vessels around the world.
GHK Senior Vice President Lucas Viola said: “The Citizens Transportation and Logistics team served as a trusted advisor to GHK throughout the process. Their extensive knowledge of the logistics sector, specifically the specialty freight forwarding market, was critical to a successful outcome. We appreciate their efforts and commitment to the success of this transaction.”
Citizens Managing Director Bryan Eger said: “Citizens has built a strong relationship with the GHK team over the past few years and looks forward to supporting the team during their ownership of Horizon and beyond. Our comprehensive experience in the specialty freight forwarding sector allowed us to provide a differentiated view of the opportunity and support to GHK. We look forward to the strong growth that GHK and Horizon will achieve through their partnership.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.9 billion in assets as of June 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.
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