Alba Wheels Up, a logistics company based in Valley Stream, N.Y. and backed by Southfield Capital, has purchased KSI Corp., a provider of customs brokerage services on the west coast.
Headquartered in San Francisco, Calif., KSI focuses its services on the biotech and semiconductor end markets. KSI’s CEO, Carl Bellante, and CFO, Dennis Siu, believe that their customers will benefit from Alba’s shared values, including client and employee longevity, thought leadership and similarities in their approaches to trade-sensitive sectors.
“We are excited to welcome the KSI team to the Alba family and believe it will be a great combination of logistics expertise,” states Heb James, a partner at Southfield Capital. “The expansion into semiconductors and biotech will be end markets where Alba can leverage their capabilities to grow its market share and provide additional services.”
Deerpath Capital Management provided debt financing. Finn Dixon & Herling LLP provided legal counsel to Alba and Southfield Capital.