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Collected Strategies represents Forward Air Corp. as the Tennessee-based freight forwarding company reviews its strategic options.
That review comes as activist Ancora Holdings reportedly has targeted Forward Air.
George Mayes, chair of Forward Air, said its new leadership team is making tangible progress in stabilizing the business with the aim of transforming it into a “global logistics powerhouse.”
The board and management team will pursue the best ways to enhance shareholder value, according to Mayes. That could be a sale, merger, financial transaction or continuing as a standalone company.
Whatever the outcome of the review, “Forward will not waver in its commitment to customers to deliver consistent high-quality service,” said Mayes.
The board has not set a timetable for the conclusion of the review.
Collected Strategies has Nick Lamplough, Jim Golden, Tali Epstein working the Forward Air business.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
