Generational Equity is pleased to announce the acquisition of its client, The Irwin Brown Company, by CH Powell Company. The transaction closed January 2, 2018.
The Irwin Brown Company, based in New Orleans, Louisiana, is a fully licensed customs broker and international freight forwarder operating in the Gulf South Region.
It offers clients end-to-end logistics by providing all related services ranging from strategic planning and completion of proper documentation, to shipment tracking and inland transportation setup. IBC also maintains a satellite office in Gulfport, Mississippi.
CH Powell is a global family-owned business that has been a leader in the transportation industry for nearly a century. It provides professional global logistics services to facilitate international trade between its clients and their worldwide trading partners.
Based in Boston, Massachusetts, it has been highly active in the M&A space, growing considerably over time through acquisitions.
Generational Equity Managing Director Michael Goss' team, led by Senior Vice President Bryan Gooden, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with IBC.
"With a 45-year operating history, the management team of IBC has established a top-notch reputation as a supply chain service provider," said Gooden.
"Its expertise, operational efficiencies and recurring customer base, among other value-added contributors, were highly recognized by the CH Powell team."
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