Announced
Completed
Financials
Tags
United States
Friendly
Third Party Logistics (3PL)
Single Bidder
Completed
Private
Domestic
Majority
Private Equity
supply chain management
Acquisition
Synopsis
Littlejohn & Co, a private investment firm based in Greenwich, CT, completed the acquisition of Magnate Worldwide, a diversified supply chain management company comprised of a strong portfolio of complementary, premier logistics services focused on premium freight services. Financial terms were not disclosed. "Magnate Worldwide builds upon Littlejohn’s deep expertise investing in the transportation and logistics sectors. Global and domestic supply chains are becoming increasingly dynamic and MWW is able to help its customers manage this increasing complexity through its combination of a broad premium logistics offering, deep customer service focus, leading information technology capabilities and talented management team. We are excited to partner with the MWW team to drive the Company’s continued growth," Ed Feeley, Littlejohn Managing Director.
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