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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