M&A Deal Summary

Worldwide Express Acquires GlobalTranz Enterprises

On June 11, 2021, Worldwide Express LLC acquired transportation company GlobalTranz Enterprises LLC from Providence Equity Partners

Acquisition Highlights
  • This is Worldwide Express’ 2nd transaction in the Transportation sector.
  • This is Worldwide Express’ 2nd transaction in the United States.
  • This is Worldwide Express’ 1st transaction in Arizona.

M&A Deal Summary

Date 2021-06-11
Target GlobalTranz Enterprises LLC
Sector Transportation
Buyer(s) Worldwide Express LLC
Sellers(s) Providence Equity Partners
Deal Type Merger

Target

GlobalTranz Enterprises LLC

Scottsdale, Arizona, United States
website
GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services. GlobalTranz optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S. GlobalTranz was founded in 2003 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Worldwide Express LLC

Dallas, Texas, United States

website


Category Company
Founded 1995
SectorTransportation
DESCRIPTION

Worldwide Express is a provider of third-party logistics services, including small parcel, LTL, FTL, and air freight shipping services to small and medium-sized businesses through a national presence of company-owned and franchise locations. Worldwide Express was established in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Merger) 2 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Unishippers Global Logistics LLC

Salt Lake City, Utah, United States

Unishippers Global Logistics LLC is a provider of third party logistics services to over 50,000 small and medium-sized businesses through a network of nearly 300 franchise locations and affiliate outlets.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 57.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 86 of 87
Sector (Transportation) 2 of 2
Type (Merger) 5 of 6
State (Arizona) 2 of 2
Country (United States) 61 of 62
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 DoubleVerify Holdings, Inc.

New York, New York, United States

DoubleVerify is a provider of online media verification, offering a comprehensive suite of advertising verification monitoring, blocking and compliance solutions. DoubleVerify was founded in 2008 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sweetwater Sound, Inc.

Fort Wayne, Indiana, United States

Sweetwater is an online retailer of musical instruments and audio gear in the U. S. Sweetwater retailer serving musicians, recording studios, broadcast, education, and houses of worship. Sweetwater's customers can be found everywhere music is heard and audio is played, broadcast, or recorded, including recording, film, and broadcast studios in New York, Nashville, Los Angeles, Chicago, and Miami; in hundreds of thousands of home recording studios; and in schools and churches nationwide. Sweetwater was founded in 1979 and is based in Fort Wayne, Indiana.

Buy -