US private equity firm HIG Capital says it has sold its portfolio company, Amerijet International (M6, Miami International), to an affiliate of ZS Fund L.P., a middle-market focused private equity firm, for an undisclosed sum.
“HIG has been an ideal and patient partner over the past fifteen years,” David Bassett, the founder of Amerijet, said. “HIG supported Amerijet through numerous strategic initiatives since investing in the company in 2001, enabling Amerijet to access new markets, expand capacity and continue to offer our customers an unparalleled level of service. Amerijet is well positioned for its next phase of growth with ZS Fund L.P. and Vic Karjian, the incoming CEO.”
Founded in 1974, Florida-based Amerijet is a cargo specialist serving destinations throughout the Americas and the Caribbean. Its fleet currently consists of three B727-200(F)s, three B767-200(F)s, and two B767-300Fs.
