Unishippers Global will buy Worldwide Express * USA
* NC - Trucking freight brokers to merge under private-equity deal, combining companies into $1 billion third-party logistics provider
--- Ridgemont Equity Partners is acquiring trucking brokerage Worldwide Express and combining it with its Unishippers Global Logistics business, creating one of the largest third-party logistics providers in the U.S., with more than $1 billion in annual sales... As part of the deal announced Tuesday to buy Worldwide Express from private-equity group Quad-C Management, Ridgemont said it plans to merge the business with Unishippers, which it acquired in 2015. The new firm, Worldwide Express Global Logistics, will rank among the top 30 third-party logistics providers in the U.S., according to research group Armstrong & Associates... According to a source familiar with the matter, Ridgemont is paying between $680 million and $720 million to acquire Worldwide Express...
(Photo: Worldwide Express and Unishippers act as brokers for trucking services and resell UPS parcel-delivery service to small businesses) -- Charlotte, North Carolina - USA - WSJ, by ERICA E. PHILLIPS - Jan. 18, 2017