Just days after the Riverside Co. suffered a setback with major flooding to its primary data center in downtown Manhattan due to Hurricane Sandy, the private equity firm pushed on with its 25th acquisition of 2012.

The New York and Cleveland-based acquirer announced that it purchased Midnite Air Corp., a provider of third-party transportation services that handles shipping and freight management for more than 1,700 customers.

Terms of the deal were not disclosed.

The move comes just over a week after XPO Logistics Inc. (NYSE: XPO) announced its third deal in the space, a $50 million acquisition of the freight brokerage division of Ozburn-Hessey Logistics LLC.

Riverside's buying of Midnite, based in Los Angeles, is the latest deal in an industry that has seen a lot of M&A activity over the past year. For more coverage, read Logistics, Logistics, Logistics, our Q&A with XPO president Bradley Jacobs “Keep on Trucking,” and watch our video “Logistics Industry Consolidates.”

Madison Capital and Bank of Montreal provided Riverside with senior financing for the deal, while Babson Capital Management provided mezzanine financing.

Riverside hired Jones Day as legal counsel on the investment.

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