Transaction summary
On July 3, 2018, MNX Global Logistics (“MNX” or the "Company"), a portfolio company of The Riverside Company (“Riverside”), was acquired by Audax Private Equity (“Audax”). BB&T Capital Markets served as the exclusive financial advisor to MNX.
About the companies
MNX Global Logistics
Headquartered in Long Beach, CA, 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 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.
The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 530 transactions. The firm’s international portfolio includes more than 80 companies.
Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 111 platform and 635 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.
Logistics & Transportation
Our Logistics & Transportation Team provides comprehensive investment banking services across eight industry segments and is one of the most active advisors in the middle-market.
Since 2010, our Logistics & Transportation Team has closed more than 40 sell-side M&A transactions and 60 public debt and equity offerings.
Related transactions
Horizon Air Freight, Inc.
BB&T Capital Markets Serves as Financial Advisor to Horizon Air Freight, Inc. in its Sale to ICV Partners, LLC
Milan Supply Chain Solutions
BB&T Capital Markets served as Financial Advisor to Milan Supply Chain Solutions in its sale to Wellspring Capital Management, in partnership with Ascend Transport Group
Team Drive-Away
BB&T Capital Markets served as Financial Advisor to Team Drive-Away and its owners in its sale to United Road, a portfolio company of The Carlyle Group
Union Pacific
$3,000,000,000
Four-Tranche Offering of Senior Notes
Co-Manager
AFN Logistics
BB&T Capital Markets Serves as Exclusive Financial Advisor to AFN in its Sale to GlobalTranz
Transportation Insight
BB&T Capital Markets Serves as Exclusive Financial Advisor to Gryphon Investors on its Majority Investment in Transportation Insight
Syngin Technology, LLC
BB&T Capital Markets Serves As Exclusive Financial Advisor to Syngin Technology in its Majority Sale to Wallenius Wilhelmsen ASA
EPES Transport System
BB&T Capital Markets Serves as Exclusive Financial Advisor to Epes Transport System in its sale to Penske Logistics
LaserShip, Inc.
BB&T Capital Markets Serves as Exclusive Financial Advisor to LaserShip, Inc. in its sale to Greenbriar Equity Group LLC
Gulf Stream Marine
BB&T Capital Markets Serves as Exclusive Financial Advisor to Gulf Stream Marine in its Sale to Logistec Corporation
MXD Group/Ryder
BB&T Capital Markets Serves as Exclusive Financial Advisor to MXD Group, Inc. in its Sale to Ryder System, Inc.
Matson Navigation Company
$650,000,000
Revolver
Co-Documentation Agent
Kirby
$850,000,000
Revolver
Co-Documentation Agent
Old Dominion Truck Leasing/Penske Truck Leasing
BB&T Capital Markets Serves as Financial Advisor to Old Dominion Truck Leasing in its Sale to Penske Truck Leasing
Ryder
₤144,000,000
Term Loan
Participant
Pilot Freight Services/ATL
BB&T Capital Markets Serves as Exclusive Financial Advisor to Pilot Freight Services in its Sale to ATL Partners
Golden State Overnight/General Logistics Systems
BB&T Capital Markets Serves as Financial Advisor to Golden State Overnight in its Sale to General Logistics Systems
MetroGistics/Tailwind Capital
BB&T Capital Markets Serves as Exclusive Financial Advisor to MetroGistics in its Sale to Tailwind Capital
Span Alaska Transportation/Matson Logistics
BB&T Capital Markets Serves as Exclusive Financial Advisor to Span Alaska Transportation in its Sale to Matson Logistics
St. George Logistics/Wind Point Partners
BB&T Capital Markets Serves as Exclusive Financial Advisor to St. George Logistics in its Sale to Wind Point Partners
Consolidated Aviation Services/Worldwide Flight Services
BB&T Capital Markets Serves as Lead Financial Advisor to Consolidated Aviation Services in its Sale to Worldwide Flight Services
BirdDog/Transportation Insight
BB&T Capital Markets Serves As Exclusive Financial Advisor to BirdDog, a Portfolio Company of Greyhawk Capital Management, LLC., in its Sale to Transportation Insight, a Portfolio Company of Ridgemont Equity Partners
Bridge Terminal Transport/XPO Logistics
BB&T Capital Markets Served as Exclusive Financial Advisor to Bridge Terminal Transport in its Sale to XPO Logistics
Express Courier International, Inc./LSO
BB&T Capital Markets Serves as Exclusive Financial Advisor to Express Courier International in its Sale to LSO
A&S Kinard/Celadon
BB&T Capital Markets Serves as Exclusive Financial Advisor to A&S Kinard in its Sale to Celadon Group Inc.
BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Read all disclosures.
© 2019, Truist Financial Corporation. All rights reserved.