Audax Private Equity Announces the Acquisition of MNX Global Logistics
Jul. 10, 2018
BOSTON--(BUSINESS WIRE)--Jul 10, 2018--Audax Private Equity (“Audax”) announced that it has acquired MNX Global Logistics (“MNX”) from The Riverside Company. MNX, headquartered in Long Beach, CA, is a leading, global provider of customized transportation and logistics services for time critical, high-value goods with expertise (including Temperature-Controlled) in healthcare, life sciences, aviation, and other end markets. Terms of the transaction were not disclosed.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax, said, “MNX has earned an outstanding reputation in the time-critical logistics market by consistently delivering dependable, customized solutions to its healthcare and aviation customers. We look forward to working with Paul Martins and the MNX team to continue building a leading platform through organic growth and add-on acquisitions.”
Paul Martins, CEO of MNX, said, “We are excited to partner with Audax for the next stage of our growth. Audax brings expertise and resources that will help us continue to build our market leadership position by expanding our service offering and value proposition to our clients through strategic acquisitions and growth initiatives.”
BB&T Capital Markets served as financial advisor to MNX. Kirkland & Ellis LLP served as counsel to Audax.
ABOUT AUDAX PRIVATE EQUITY Since its founding in 1999, Audax has been focused on building leading middle market companies. Audax has invested $5 billion in 116 platform and 686 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $12 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.
ABOUT MNX MNX is a premium global provider of specialized, expedited transportation and logistics services. Clients include multinational leaders in the biopharmaceutical, life sciences, medical device, aviation and entertainment industries. These organizations rely on MNX’s exceptional record of transporting critical items around the world. MNX serves over 190 countries, including key North American, Asia Pacific, South American and EMEA markets with services that include dedicated hand-carries, next-flight-out, inventory management, fulfillment operations and 4PL services management.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005722/en/
CONTACT: Audax Group
Geoffrey S. Rehnert, 617-859-1503
Co-Chief Executive Officer
MNX Global Logistics
Ken Ying, 310-981-0919
Director of Marketing
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MASSACHUSETTS NEW YORK
INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Audax Group
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PUB: 07/10/2018 11:04 AM/DISC: 07/10/2018 11:04 AM