Carr’s Hill recapitalizes Freedom Intermodal
Carr’s Hill Capital Partners Management, a New Orleans-based private equity firm, recently recapitalized TCI Tank Logistics, which does business as Freedom Intermodal, in partnership with management and the Jensen Companies.
Based in New Orleans, Louisiana, with operations in several major ports along the U.S. Gulf Coast, Freedom is a provider of ISO tank and rail services, transloading, logistics, and depot services for bulk liquids customers. This transaction marks the first investment in Carr’s Hill Fund I and strengthens the firm’s presence in the industrial and infrastructure services sectors, the company reported.
“Freedom Intermodal’s strong customer relationships, specialized capabilities, and tremendous growth potential make it an ideal fit for Carr’s Hill’s investment strategy,” H. David de Laureal, managing partner at Carr’s Hill, said in a news release. “We are excited to partner with Jeff and his team to build on the company’s success, leveraging our operational expertise and regional insights to steepen its growth curve and expand its market leadership throughout the Southeast U.S.”
Through the new partnership, Carr’s Hill has initiated “significant” investments in the team, systems, equipment, and facilities, all aimed at providing customers with industry-leading service and transparency through scalable and efficient operations.
Founded in 2015 by Jack Jensen and Jeff Louis, Freedom has grown into a trusted logistics partner, offering comprehensive services, including ISO tank transportation, transloading, cleaning, heating, inspection, full-service depot repairs, and storage solutions for ISO tanks, flexi-tanks, and railcars. Access to all six Class 1 railroads and over-the-road trucking allows the company to serve its customer base with seamless, flexible, and tailored solutions.
Jeff Louis, president of Freedom, will continue to lead the company, ensuring continuity while accelerating its service-offering growth and expanding its footprint.
“Joining forces with Carr’s Hill is a transformative step for Freedom Intermodal,” Louis said. “Their growth-minded approach and deep understanding of our industry will enable us to enhance our service offerings and deliver even greater value to our customers. With greater access to capital, we have already begun expanding our leadership and service offerings in new and existing markets.
“I’m thrilled about the opportunities this partnership creates for our team and clients.”