Citizens 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.”