Together, it will also have unique data assets and business intelligence capabilities to provide its customers with visibility and analytics to drive competitive advantages.
For further information about CVC please visit: www.cvc.com. She left the company in September 2020, and Farrell took over again. copy and open this site .>> .., Ive made $84,000 so far this year working online and Im a full time student.
Ridgemonts most recent flagship fund, REP III, was formed in 2018 and has $1.65 billion of committed capital. The transaction is slated to close in Q3 of this year. For example: What if a customer had previous dealings with both companies but had a bad experience with one of them? The transaction is expected to close during the third quarter of 2021. Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. I tremendously appreciate the strong partnership we have had with Ridgemont and am excited to work with CVC and Providence as we continue to build Worldwide Express into a much larger business., Worldwide Express has achieved remarkable growth over the last several years and is uniquely positioned in the third-party logistics market, said Rob Edwards, Managing Partner at Ridgemont. Sign up to keep your eye on whats new and next in Dallas-Fort Worth, every day. One quick signup, and youre done. GlobalTranz; Worldwide Express
How would the LTL operations of GlobalTranz mesh with the activities of Worldwide Express, which by definition are more downstream? This transaction will provide new and exciting opportunities for the team at GlobalTranz., Together, GlobalTranz and Worldwide Express will offer a logistics platform poised for continued success with expanded scale, product offerings and sales channels, said David Phillips, Senior Managing Director at Providence. Funds managed or advised by CVC are invested in over 90 companies worldwide, which have combined annual sales of approximately US$100 billion and employ more than 450,000 people. Both companies have developed leading positions across multiple sales channels, strong carrier partnerships and superior customer service. GlobalTranz CEO Bob Farrell believes the merger will help his company evolve to the next level. The CVC Funds investment will help underpin this exciting combination, and we expect to leverage our relationships and resources to help management continue to grow the business., The combination of GlobalTranz with Worldwide Express is an exciting next step in the evolution of our company, said Bob Farrell. The opportunities for growth by combining our resources will dramatically increase our ability to drive technology, further strengthen our carrier partnerships and allow us to provide a deeper offering to our customers. This, coupled with a selective portfolio of 65+ LTL and tens of thousands of truckload carriers, provides clients with an unmatched range of options and flexibility to meet their shipping needs. Multiple transportation management systems might end up lumped together under the new management. If your company takes on PE as an investor, Farrell added, you have to be comfortable with the level of involvement and what they want to achieve., Taking on significant amounts of debt to get a deal done might be a new experience for some business owners.
I not at all believed that it can be possible but my close friend earning $25k only within four weeks simply doing this top task as well as she has satisfied me to join. As the largest authorized UPS non-retail reseller in the US, the company is a local partner for the global supply chains of small- to medium-sized businesses nationwide. Since 1993, the principals of Ridgemont have invested over $5.5 billion. 
Leveraging expanded IT capabilities across the new company will be the most immediate payoff of the merger. The only thing missing in your inbox is FreightWaves. John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. It will continue to go to market both directly and indirectly (via franchisees and independent freight agents) and to serve a customer landscape that spans from small and medium-sized businesses (SMBs) to larger enterprises. 
Although GlobalTranz would be easily classified as a 3PL, Farrell said that from the get-go, we thought of ourselves as a technology company..
CVC Capital Partners is a leading private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia and the US, with approximately US$118 billion of assets under management. In other moves, GlobalTranz was acquired in 2018 by private equity firm The Jordan Co., which subsequently sold the 3PL in 2019 back to its previous owner, Providence Equity Partners LLC. As a result, while the two companies may be together under their current ownership, they continue to operate under their own brand names. Stay up-to-date with the latest William Blair news. 
Dechert LLP, Weil, Gotshal & Manges LLP, and Kirkland & Ellis LLP served as counsel for CVC, Providence, and Ridgemont respectively. 
While the merger between Worldwide Express and GlobalTranz was led by CVC Capital Partners, investors who owned the individual companies continue to have stakes in the new company. 
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The two companies have a combined revenue of nearly $4 billion. Fidus Partners, William Blair, and Jefferies LLC advised the consortium on the transaction. That lasted until 2019, when he was replaced by Renee Krug. William Blair acted as a financial advisor to the consortium of CVC Capital Partners (CVC), Providence Equity (Providence), and PSG, in connection with the merger of Worldwide Express, a portfolio company of Ridgemont Equity Partners, and GlobalTranz, a portfolio company of Providence and PSG. When Providence bought it back, it had shot up to $930 million. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. This, coupled with a selective portfolio of 65+ LTL and tens of thousands of truckload carriers, provides clients with an unmatched range of options and flexibility to meet their shipping needs. We told our employees we were a technology company and we invested that way, he said. It has a customer base of 25,000 shippers.over one million product users. GlobalTranzsCEO Bob Farrell will serve as a member of the board. You may unsubscribe from these communications at any time. www.globaltranz.com, Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. 
Since its founding in 1981, CVC has secured commitments in excess of US$160 billion from some of the world's leading institutional investors across its private equity and credit strategies. June 11, 2021 17:00 ET
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. In 2015, Ridgemont invested inUnishippers Global Logistics and subsequently led a transaction in 2017 to merge Unishippers into WorldwideExpress, creating a provider of logistics services to small-and-medium sized shippers. Worldwide Express and GlobalTranz to Join Forces Calendar: Not-to-Miss Events for Innovators in Dallas-Fort Worth, ICYMI: What's New and Next in Dallas-Fort Worth Innovation Today, The DEC Sets Dallas Startup Week 2021: Get Ready for 19Tracks, 3Summits, and StartupAlley. The essence of all this is that PE can be great, he said.
North Texas is a big place with plenty of opportunities. That $30 million EBITDA milestone came in 2018. The potential with this is endless. As the largest authorized UPS non-retail reseller in the US, the company is a local partner for the global supply chains of small- to medium-sized businesses nationwide. Its really user friendly and Im just so happy that I found out about it. We are thrilled to continue our partnership with Tom Madine and the expanded team and look forward to joining forces with GlobalTranz and this experienced investor group., Under our partnership with Tom Madine and the leadership team at Worldwide Express, we have successfully supported the company in several strategic growth initiatives, including strategic M&A, a franchise consolidation strategy, and the build-out and implementation of a new, proprietary technology platform, said Charles Anderson, Partner at Ridgemont. 
To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Separately, the two companies were already powerful logistics providers. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. Dallas-based Worldwide Expressa global logistics provider thats the largest authorized UPS non-retail reseller in the U.S.has merged with GlobalTranz, a full-service third-party logistics provider based in Phoenix. With an annual systemwide revenue approaching $2 billion through a network of company-owned and franchise locations, Worldwide Express, combined with Unishippers Global Logistics, LLC, is the second-largest privately held freight brokerage company in the country. The price of GlobalTranz paid by Jordan in 2018 was about $400 million. Now, the combined companies say they will have offerings in parcel, less-than-truckload (LTL, full truckload, and managed transportation. 
He covered metals before joining Platts and then spent a year running Platts metals business as well. 
But first, it needed to get bigger. CVC is a leading private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia and the US, with approximately US$118 billion of assets under management. When the pandemic hit, Farrell said, GlobalTranz did the same thing a lot of companies in many fields did: It pulled down its revolving lines of credit to ensure liquidity. GlobalTranz is a full-service third-party logistics provider, bringing award-winning customer service, exceptional industry expertise and market-leading technology to shippers, carriers, and logistics service providers. For more information, visit www.wwex.comor www.globaltranz.com. According to FreightWaves, the companies will operate independently in the short term. The combination of Worldwide Express and GlobalTranz brings together two companies that have distinguished themselves with innovative logistics solutions and technology, Breitner said in the statement. GlobalTranz is a full-service third-party logistics provider, bringing award-winning customer service, exceptional industry expertise and market-leading technology to shippers, carriers, and logistics service providers. Welcome to the Unishippers press room, where youll find our latest press releases and other information about Unishippers. We had a lot of different conversations on how it would look, Farrell said. GlobalTranz specializes in freight brokerage and technology, with a goal of accelerating the supply chain success of its customers. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Combining with GlobalTranz is a very logical next chapter for Worldwide Express, and we are pleased to remain invested in the combined platform.. GlobalTranz is a full-service third-party logistics provider, bringing award-winning customer service, exceptional industry expertise and market-leading technology to shippers, carriers, and logistics service providers. The seventh annual Dallas Startup Week powered by Capital One is Dallas-Fort Worth's largest event focused on driving entrepreneurial success, economic impact, and innovation in the region.
They will continue to go to market both directly and indirectlyvia franchisees and independent freight agents, serving customers spanning from small and medium sized businesses to larger enterprises. Farrell said the GlobalTranz he joined in 2016 was not ready to grow through acquisitions. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. But the combination of GlobalTranz and Worldwide means that customers of either company have access to the respective sister companys 3PL services that can touch everything from a truckload full of merchandise to a parcel service. In any merger of 3PL companies, Farrell said technology is a challenge. He created the Dated Brent benchmark, now the worlds most important crude oil marker. Worldwide Express is a full-service, non-asset-based logistics provider offering more than 92,000 customers access to industry-leading small package, truckload and less-than-truckload shipping solutions around the world. With an annual systemwide revenue approaching $2 billion through a network of company-owned and franchise locations, Worldwide Express, combined with Unishippers Global Logistics, LLC, is the second-largest privately held freight brokerage company in the country. Giving the keynote enabled Farrell, the CEO of GlobalTranz at the time of the merger, to discuss at length the process leading to a combination rarely seen in the brokerage sector. Both companies have developed leading positions across multiple sales channels, strong carrier partnerships, and superior customer service.. Harris Williams and J.P. Morgan advised Worldwide Express. When Farrell and his management team took their slots in 2016, he said the management structure was overhauled to resemble a software company, with product managers and adoption of agile management systems. www.ridgemontep.com, Kelly Lineberger Were here to help you keep up. I am excited to combine Worldwide Express and GlobalTranz, said Tom Madine. In a pair of reports released by ratings agencies in June 2020, the debt level of GlobalTranz was seen as a significant issue, having blown up to eight times EBITDA. Harris Williams and J.P. Morgan served as financial advisors to Worldwide Express and legal services were provided by Kirkland & Ellis LLP.
PSG is a growth equity firm that partners with middle-market software and technology enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. GlobalTranzs people-powered approach combined with comprehensive, relationship-driven support provides shippers of all sizes with fast and reliable, multi-modal transportation services as well as strategic supply chain solutions enabling them to optimize efficiency and deliver on business goals. 
I tremendously appreciate the strong partnership we have had with Ridgemont and am excited to work with CVC and Providence as we continue to build Worldwide Express into a much larger business., The combination of Worldwide Express and GlobalTranz brings together two companies that have distinguished themselves with innovative logistics solutions and technology, said Cameron Breitner, Managing Partner at CVC. To learn more about the brands, please visit www.wwex.com and www.unishippers.com. View previous emails. Figures represent the Worldwide Express, LLC, family of brands.
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