MNX Announces Ownership Transition from Audax Private Equity to Quad-C
MNX Global Logistics (“MNX”), a global leader in time critical logistics, announced today that Quad-C Management has recapitalized and purchased the business from Audax Private Equity (“Audax”). The new ownership and investment will enable MNX to broaden its solution offerings, pursue strategic acquisitions, and accelerate its organic growth strategy into new and existing industry verticals and geographies.
MNX President and CEO, John Labrie, and his senior team will continue to lead the business. “We are excited to partner with Quad-C as MNX pursues its vision to be a world leader in time-critical transportation services,” said Labrie. “Quad C brings deep industry expertise and resources that we believe will help us build on our market leadership position by expanding our service offerings and our value proposition to our clients through strategic acquisitions and growth initiatives.”
Tom Hickey, Partner at Quad-C, added, “We are very impressed with the MNX management team and the success they have achieved to date. Transportation and logistics is a focus area for Quad-C, and MNX is a great fit for us as we seek to partner with best-in-class operators and support their next phase of growth. We share management’s enthusiasm regarding the partnership and outlook for MNX.”
David Wong, Managing Director at Audax, stated, “We are proud of all that has been accomplished during our partnership with MNX. John and the management team have done a stellar job of driving improvements and building a leading platform through organic growth, acquisitions, operations, and commercial synergies. We wish the best to MNX as they begin their next chapter with Quad-C.”
MNX is an industry leader in time-critical logistics and managed transportation services serving the biopharmaceutical, life sciences, high tech, medical device, aviation, entertainment, government, and financial industries. The company’s time-critical same-day services support the distribution of surgical kits, lifesaving medical treatments, critical service-parts, and help rescue grounded aircraft through Aircraft-On-Ground (AOG) precision logistics services.
About MNX Global Logistics
Headquartered in Long Beach, California, MNX has regional offices in Singapore, Amsterdam, Netherlands and Melbourne, Australia. The time critical logistics leader serves 190 countries and territories—including key Asia Pacific, South American and EMEA markets.
MNX clients are multinational leaders in the biopharmaceutical, life sciences, high tech, medical device, aviation, entertainment and financial industries. MNX serves them around the world via Next Flight Out (NFO), Air Charter, Expedited Ground, Forward Stocking and Managed Transportation solutions. For more information about MNX Global Logistics, visit www.mnx.com.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business and consumer services, healthcare, industrials, specialty distribution and transportation / logistics companies. In its three-decade history, Quad-C has invested over $3.9 billion of capital in more than 75 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.