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By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Ridgemont Equity Partners is acquiring trucking brokerage Worldwide Express and combining it with its Unishippers Global Logistics business, creating one of the largest third-party logistics providers in the U.
As part of the deal announced Tuesday to buy Worldwide Express from private-equity group Quad-C Management, Ridgemont said it plans to merge the business with Unishippers, which it acquired in The new firm, Worldwide Express Global Logistics, will rank among the top 30 third-party logistics providers in the U.
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Besides offering services as middlemen for trucking companies, the companies are the only two authorized resellers in the U. That allows them to use published UPS rates and services and package them for sale to small and medium-size businesses.
The deal, expected to close during the first quarter of this year, could mark the start of another round of large-scale tie-ups in the logistics industry.
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But as of mid, deal-making appeared to be picking up steam. In September of last year, Ridgemont took an equity stake in Atlanta-based Nolan Transportation Group, a truckload freight broker.
Terms of that deal were not disclosed. Write to Erica E. A public profile and adherence to our rules and terms of use is required. A profile displaying your first and last name has been created for you. It may also include other information that you entered in the past. I understand that my real name, my profile, and my commenting history will be publicly displayed. Your profile is now set to public.
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