Agility built a freight empire across the emerging world, sold it to a Danish rival for stock, and used the proceeds to buy airports' ground crews and fuel tankers instead. Here is how a Kuwaiti warehousing company became a holding company for the plumbing of global trade.
Borgman Capital buys the kind of profitable, founder-led companies that rarely become household names. Its twist is structural: no traditional fund, capital raised one deal at a time, and a real-estate team that can buy the building along with the business.