Quad-C Exits Investment in MNX in Sale to UPS
06 Nov 2023
Acquisition
CHARLOTTESVILLE, Va., Nov. 6, 2023 /PRNewswire/ -- Quad-C Management, Inc. ("Quad-C"), a leading middle market private equity firm, today announced it has closed the sale of its investment in MNX Global Logistics ("MNX" or the "Company"), a U.S.-based global time critical logistics provider, to UPS (NYSE: UPS).
MNX specializes in time-critical life sciences, medical device and healthcare shipments, as well as mission-critical parts for grounded aircraft and just-in-time industrial and automotive supply chains, and has a network of forward stocking locations to ensure rapid delivery of customer inventory.
"We have greatly valued our partnership with Quad-C, who have supported our growth ambitions, both organically and through strategic investments," said John Labrie, MNX's CEO. "Quad-C is an experienced investor in the transportation and logistics space, and helped us make good, quick decisions to help grow our business."
"Quad-C's investment in MNX is an excellent example of our deep history partnering with market leaders within the transportation and logistics sector," said Tom Hickey, a Quad-C Partner. "We are proud to have supported the MNX team as they grew the business through the introduction of new business lines, the automation of key business processes and the acquisition of a stake in a U.K.-based time-critical logistics provider. We look forward to their continued success in their partnership with UPS."
"Thanks to John Labrie and the rest of the team at MNX," said Michael Brooks, a Quad-C Partner. "The MNX team worked hard to build a high-quality company and enable a successful transaction for all parties."
Quad-C has been a long-time investor in well-established middle-market transportation and logistics companies. In addition to MNX, past investments include AIT Worldwide, an international non-asset-based freight forwarder, Worldwide Express, a technology enabled asset-light logistics provider, and A. Stucki Company, a supplier of new and reconditioned railcar components.
Jefferies LLC served as exclusive financial advisor to MNX and White & Case LLP acted as legal counsel to MNX. The transaction terms were not disclosed.
ABOUT MNX
MNX is a global time-critical transportation and logistics provider focused on ensuring the complex and mission-critical needs of their customers are met by offering a suite of services, including next flight out and expedited ground services. Learn more about MNX at www.mnx.com.
ABOUT QUAD-C
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in established specialty distribution, industrials, transportation / logistics, business and consumer services, healthcare, food & beverage, and consumer products companies. In its three-decade history, Quad-C has invested $4.4 billion of capital in 83 platform companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Learn more about Quad-C at www.quadcmanagement.com.
MEDIA CONTACT
Tom Hickey
Partner
434-979-2070
info@qc-inc.com
SOURCE Quad-C Management, Inc.
For more details,please visit the original website
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Organizations
Indications
-Targets
-Drugs
-Hot reports
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Leverages most recent intelligence information, enabling fullest potential.