Alba Wheels Up International said Monday it has agreed to partner with Southfield Capital to expand its reach and capabilities to the trade community.
Damien and Salvatore Stile, the joint owners of Alba, will continue in their existing leadership roles and maintain ownership in Alba. Alba’s senior leadership team will remain in place and continue to operate the business.
“In combination with Southfield Capital, we look forward to continuing to grow our relationships and impact of influencing the rapidly evolving and ever-changing international logistics industry,” Salvatore Stile said.
Alba, a logistics services company that provides Customs brokerage, freight forwarding and other logistics services for importers and exporters, said the move follows a year of record performance. The firm, which operates across diverse sectors, including apparel, pharmaceuticals, industrial and food and drug, said Southfield shares its philosophy of both organic growth and strategic acquisitions.
Alba said it will continue to add talent to its team, while maintaining its reputation of high-quality customer service and the consistent communications that its clients have experienced for decades. The partnership provides Alba with the capital and resources that are needed to realize its growth potential.
“Sal and I would especially like to extend our gratitude to our employees, clients and vendors who have been wonderful partners and devoted themselves to Alba over the past seven decades,” Damien Stile said.
Jonathan Britva of Republic Partners, which acted as the exclusive financial adviser to Alba, said, “This transaction will enhance Alba’s market-leading position and enable the company to expand and broaden its service offerings to its blue-chip customer base.”
Alba primarily operates out of its headquarters in Valley Stream, N.Y., and has offices in California, New Jersey and Texas.