CVC-led Consortium to Combine Worldwide Express and GlobalTranz
June 11, 2021
CVC Capital Partners is leading a consortium (including Providence Equity Partners and PSG) to acquire Worldwide Express and combine it with GlobalTranz, creating a larger technology-driven third-party logistics platform. Ridgemont Equity Partners and management will retain significant stakes in the combined business; the transaction was announced in June 2021 and expected to close in Q3 2021.
- Buyers
- CVC Capital Partners, Providence Equity Partners, PSG
- Targets
- Worldwide Express, GlobalTranz
- Sellers
- Ridgemont Equity Partners, Worldwide Express management, GlobalTranz management
- Industry
- Transportation
- Location
- United States
- Transaction Type
- Buyout
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