M&A Deal Summary

Quad-C Management Acquires MNX Global Logistics

On December 13, 2021, private equity firm Quad-C Management acquired transportation company MNX Global Logistics from Audax Private Equity

Acquisition Highlights
  • This is Quad-C Management’s 4th transaction in the Transportation sector.
  • This is Quad-C Management’s 53rd transaction in the United States.
  • This is Quad-C Management’s 7th transaction in California.
Investment Fate
  • MNX Global Logistics was sold to a publicly-traded strategic buyer in 2023.

M&A Deal Summary

Date 2021-12-13
Target MNX Global Logistics
Sector Transportation
Buyer(s) Quad-C Management
Sellers(s) Audax Private Equity
Deal Type Recapitalization

Target

MNX Global Logistics

Long Beach, California, United States
website
MNX Global Logistics is a provider of express, supply chain, and freight services to customers primarily in the life sciences, entertainment, and aviation industries. MNX Global Logistics was founded in 1983 and is based in Long Beach, California.

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Buyer(S) 1

Buyer

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 57 of 62
Sector (Transportation) 4 of 4
Type (Recapitalization) 7 of 7
State (California) 7 of 8
Country (United States) 53 of 58
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 U.S. Endo Partners

Irving, Texas, United States

U.S. Endo Partners is a doctor-led, doctor-driven specialty services partnership for endodontists a collaboration of endodontic specialists and business experts working together to pursue excellence and growth in patient care and business. U.S. Endodontics Partners was established in 2018 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Pharm-Olam International

Bracknell, United Kingdom

Pharm-Olam International is a multinational Contract Research Organization (CRO) offering comprehensive clinical research services to the pharmaceutical, biotechnology and medical device industries. From Phase I to Phase IV, Pharm-Olam focuses on delivering the highest quality data, achieving targeted enrollment and meeting projected timelines, making clinical research as Easy As I, II, III, IV™.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 86 of 97
Sector (Transportation) 1 of 1
Type (Recapitalization) 4 of 4
State (California) 7 of 8
Country (United States) 82 of 92
Year (2021) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Veterinary Practice Partners

King of Prussia, Pennsylvania, United States

Veterinary Practice Partners veterinary practice management group and portfolio company that enables veterinarians to focus on providing high-quality care to patients and foster a strong culture at their individual hospital, while VPP provides operational support across learning and development, HR and recruiting, marketing, technology, and finance. VPP partners with veterinarians across more than 85 practices in over 20 states, caring for over 200,000 patients. Veterinary Practice Partners was established in 2011 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 RelaDyne

Cincinnati, Ohio, United States

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

Sell -