We had a lot of different conversations on how it would look, Farrell said. Check further details by reaching this site http://Www.PAYCASH1.com, [ JOIN US ] My last pay test was $2500 operating 12 hours per week on line. 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. The new company will offer all the above with managed transportation delivered via proprietary technology. www.ridgemontep.com, Kelly Lineberger NEW YORK At a daylong conference earlier this month focused on the explosion of private equity interest and money in the logistics sector, attendees heard from a CEO behind one of the biggest deals of 2021: the merger that brought together 3PLs GlobalTranz and Worldwide Express. 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. Stay up-to-date with the latest William Blair news. 
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. The transaction is expected to close during the third quarter of 2021. 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. Now theyll combine their differing strengths and focuses into a global logistics behemoth. Worldwide Express, LLC, the family of companies which includes the Unishippers and Worldwide Express brands, and GlobalTranz Enterprises, LLC announce the companies will combine. 
The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. DALLAS and PHOENIX, June 11, 2021 (GLOBE NEWSWIRE) -- Worldwide Express, LLC and GlobalTranz Enterprises, LLC, both leading non-asset providers of technology-driven third-party logistics solutions, today announced that the companies will combine. www.globaltranz.com, Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Tom Madine, CEO of Worldwide Express, will lead the combined company as CEO and Bob Farrell, CEO of GlobalTranz, will serve as a member of the board of directors. The story of [the combined company now] is that it has well over $5 billion in revenue, Farrell said. William Blair acted as the exclusive financial advisor to Pragmatic Institute, a portfolio company of Renovus Capital Partners, in connection with its sale to MidOcean Partners. (June 11, 2021), Corporate Office Information 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.
Our roundup of programs is for entrepreneurs, corporates, creatives, inventors, educators, and impact innovators in North Texas. 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. The opportunities for growth by uniting 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.
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.. I am excited to combine Worldwide Express and GlobalTranz, said Tom Madine. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. 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. GlobalTranz CEO Bob Farrell believes the merger will help his company evolve to the next level. We took stock of all those things and recognized that while there were great synergies on pricing and technology, there was a lot of value to go to the market with separate brands, Farrell said. The hybrid event in August will take place in person at SMU and virtually. Multiple transportation management systems might end up lumped together under the new management. For more information, please visit www.provequity.com. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our, The inside story on how GlobalTranz and WorldWide Express came together, Whittling away: Indicted Nikola founder dumps 7M more shares, Breakthroughs and misconceptions: 9 questions with ChargePoints Rich Mohr, Cold one: Manhattan Beer Distributors all in on electrifying beverage trucks, Struggling battery startup Romeo Power taps veteran executive for CEO. 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. To learn more about the brands, please visit www.wwex.com and www.unishippers.com. However, GlobalTranz executives said at the time that the level of debt was inflated by that pulldown of revolving credit lines at the start of the pandemic. Figures represent the Worldwide Express, LLC, family of brands. Worldwide is focused on small package, truckload, and less-than-truckload (LTL) services, with its expansive UPS services a key part of its business. 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. 1-800-999-8721. 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. Providence is headquartered in Providence, RI, and also has offices in New York and London. CHARLOTTE, N.C.--(BUSINESS WIRE)--Ridgemont Equity Partners, a buyout and growth equity investor, today announced its investment in the combination of Worldwide Express, LLC and GlobalTranz Enterprises, LLC, both leading non-asset based providers of third-party logistics solutions, in a transaction led by CVC Capital Partners, Providence Equity Partners, PSG and the management teams of both Worldwide Express and GlobalTranz. 
Separately, the two companies were already powerful logistics providers. 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. Each company came into the deal with about $2.4 billion in revenue. The FREIGHTWAVES TOP 500 For-Hire Carriers list includes U.S. Xpress (No. 
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. In any merger of 3PL companies, Farrell said technology is a challenge.
Working with GlobalTranzs PE owner, Providence Equity Partners, the company set a goal to have $30 million in earnings before interest, taxes, depreciation and amortization before it would go out and take a look at the market.. The opportunities for our employees, franchises and independent agents are now greatly expanded. Providence Capital Partners, which had sold GlobalTranz to Jordan just about a year earlier. That led to a ratings downgrade by both Moodys and Standard & Poors Global Ratings. For disclosure information, please visit www.williamblair.com/disclosures, Economics Weekly: Shifting the Focus to Fiscal Policy, Pragmatic Institute Has Been Acquired by MidOcean Partners, Cartegraph Has Agreed to be Acquired by OpenGov. Dechert LLP, Weil, Gotshal & Manges LLP, and Kirkland & Ellis LLP served as counsel for CVC, Providence, and Ridgemont respectively. The essence of all this is that PE can be great, he said. 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. Ridgemont reinvests in industry leader with expanded technology-enabled solutions for the freight and parcel markets. | Source: Tom Madine, CEO of Worldwide Express, will lead the combined company as CEO. 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. The potential with this is endless. The AllianceTexas Mobility Innovation Zone (MIZ) leverages the unique infrastructure of a 27,000-acre mixed-use, master-planned development to provide an unparalleled ecosystem where businesses and entrepreneurs commercialize the latest logistics and mobility technologies throughout the supply chain impacting both surface and air environments. North Texas isa big place,with plenty to do, see, hear, and watch. One quick signup, and youre done. 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. To learn more about the brands, please visit www.wwex.com and www.unishippers.com.
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. Both companies have developed leading positions across multiple sales channels, strong carrier partnerships, and superior customer service.. 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.. For further information about CVC please visit: www.cvc.com. Its really user friendly and Im just so happy that I found out about it. The involvement of PE in the various ownership deals involving GlobalTranz was the good, Farrell conceded. Now, the combined companies say they will have offerings in parcel, less-than-truckload (LTL, full truckload, and managed transportation. 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. Having backed more than 65 companies and facilitated over 300 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. 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. But GlobalTranz remained on the acquisitions trail. But you might not be comfortable with that was the message Farrell gave to the room peopled with investors and potential targets of those investing firms. Copyright 2022. Here are our editors' picks. It serves more than 92,000 customers, including a portfolio of more than 65 LTL and tens of thousands of truckload carriers. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the talking head for Platts on numerous media outlets, including CNBC, Fox Business and Canadas BNN. The only thing missing in your inbox is FreightWaves. GlobalTranz specializes in freight brokerage and technology, with a goal of accelerating the supply chain success of its customers. But he also had some cautionary observations. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. 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. 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. This merger allows GlobalTranzs strong technology to be combined with expanded modal capabilities that both our direct resources and independent freight agents can leverage for accelerated growth through deeper, more strategic customer solutions. In 2015, Ridgemont invested in Unishippers Global Logistics and subsequently led a transaction in 2017 in partnership with Worldwide Express management to merge Unishippers into Worldwide Express to create the leading provider of logistics services to small-and-medium sized shippers. 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. Although GlobalTranz would be easily classified as a 3PL, Farrell said that from the get-go, we thought of ourselves as a technology company.. At a conference devoted to the role of PE in the logistics field, Farrell was on message. 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. A great IRR obviously, Farrell said, using the acronym for internal rate of return. Dechert LLP, Weil, Gotshal & Manges LLP, and Kirkland & Ellis LLP acted 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. Worldwide Express, LLC 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 (LTL) shipping solutions around the world. You may unsubscribe from these communications at any time. For more information, visit www.wwex.comor www.globaltranz.com. How would the LTL operations of GlobalTranz mesh with the activities of Worldwide Express, which by definition are more downstream? John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. 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. North Texas is a big place with plenty of opportunities. GlobalTranz; Worldwide Express. klineberger@ridgemontep.com, Ridgemont invests in combination of Worldwide Express and GlobalTranz, Internet Explorer presents a security risk. You'll find deadlines coming up for the Tech Titans Awards; Women-Owned Small Business Pitch Competition, Lone Star Film Festival; and many more opportunities. 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. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. He created the Dated Brent benchmark, now the worlds most important crude oil marker. Ryders last-mile business gets huge boost in acquisition of Whiplash, U.S. Xpress fires head truckload exec and leader of Variant, Truckload carrier Stan Koch will pay $500K in sex discrimination case. Worldwide Express and GlobalTranz to Join Forces We told our employees we were a technology company and we invested that way, he said. The deal was sponsored by a consortium headed by CVC Capital Partners and GlobalTranzs lead investors, Providence Equity Partners and PSG. Going forward, Ridgemont will retain a meaningful stake in the combined entity formed through the combination of Worldwide Express with GlobalTranz. Plus, you'll find our selections to "save the date.". 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.
i can not accept as true with how easy it become as soon as i tried it out. 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. GlobalTranzsCEO Bob Farrell will serve as a member of the board. 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. That $30 million EBITDA milestone came in 2018. Subscribe Now, Download the FreightWaves app for unlimited access to news and insights (Android & iOS Available), Copyright 2022, All Rights Reserved, FreightWaves, Inc, FreightWaves needs the contact information you provide to us to contact you about our products and services. Based on the market environment, Jordan found itself thinking it was a good time to take a good look at the market, Farrell said. Farrell said in 2017, GlobalTranz began an acquisition program that resulted in 13 purchases that allowed us to scale the company dramatically. Some of it was transformational and brought new capabilities into the company, Farrell explained. Dallas, Texas 75219 The transaction is sponsored by a consortium led by CVC Capital Partners, Providence Equity Partners and PSG. 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. GlobalTranz was comfortable with leveraging its acquisitions up to seven times EBITDA, which you might think is really high, Farrell said, and on the day of an acquisition, I felt it too.. www.ridgemontep.com, George NolanEdelman George.Nolan@edelman.com312-859-3245. Farrell said in many of the companys deals where leverage was up at the 7X level, the company was able to ratchet down fast.. 2323 Victory Avenue, Suite 1600 Our Story.
News travels fast. Leveraging expanded IT capabilities across the new company will be the most immediate payoff of the merger. And so GlobalTranz was sold again. Both companies have developed leading positions across multiple sales channels, strong carrier partnerships and superior customer service. Sign up to keep your eye on whats new and next in Dallas-Fort Worth, every day. 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. Heres a curated roundup of contests and competitions; accelerator and recognition programs; and resource and grant opportunities for North Texas innovators. Those 13 deals at GlobalTranz that Farrell had referred to often involved a TMS that had some sort of secret sauce or specialty that the others didnt have. And since the next generation of systems wasnt ready to go, those individual TMS operations needed to stick around. Harris Williams and J.P. Morgan advised Worldwide Express. Im excited to combine Worldwide Express and GlobalTranz, Madine said in a statement. He said acquisitions helped grow GlobalTranzs managed transportation capabilities as well as adding to its truckload brokerage operations. The opportunities for our employees, franchisees and independent agents are now greatly expanded.
But first, it needed to get bigger. Fidus Partners, William Blair, and Jefferies LLC advised the consortium on the deal. William Blair acted as exclusive financial advisor to Cartegraph Systems, LLC, a portfolio company of Pamlico Capital Management, L.P., in connection with its pending sale to OpenGov, Inc. with new investment from Cox Enterprises, Inc. Information contained on the internet is not subject to William Blair & Company's control or review, and may not be accurate. Some PE companies, he said, have management teams that get deeply involved in the operations of the companies that they invest in. 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.
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. Providence is headquartered in Providence, RI, and also has offices in New York and London. Combining with GlobalTranz is a very logical next chapter for Worldwide Express, and we are pleased to remain invested in the combined platform.. That includes Providence as well as Ridgemont Equity Partners, which was the lead investor in Worldwide Express. 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. There are companies that show up with a playbook and say, on Page 3, this is what were going to do, Farrell said. 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. But ultimately, it was a technology model the company pursued. CVC managing partner Cameron Breitner points to innovation as a key strength the two companies share. The combined company will also have unique data assets and business intelligence capabilities to provide its customers with visibility and analytics to deliver competitive advantage. Youve found Dallas Innovates archive of news briefs from April to June 2021. 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.
It will continue to ship via both franchisees and independent freight agents, serving customers from small- to medium-sized businesses to larger enterprises. He covered metals before joining Platts and then spent a year running Platts metals business as well. Neiman Marcus Group offers peeks at its upcoming Dallas Hub at Cityplace; 1,000-plus robots are at work at Kroger's new Dallas Delivery fulfillment center; firm renovating The Gild snags the north building's 10th floor; H-E-B plans several new DFW stores; origami sculptures are coming to Fort Worth's riverfront; and more news from North Texas. This merger allows GlobalTranzs strong technology to be combined with expanded modal capabilities, he said, which both our direct resources and independent freight agents can leverage for accelerated growth through deeper, more strategic customer solutions.. Farrell said the GlobalTranz he joined in 2016 was not ready to grow through acquisitions. 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. 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. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. And in June of that year, GlobalTranz was sold to The Jordan Co. After that acquisition, Farrell said, we kept driving the company forward. Another acquisition was completed (Farrell did not specify the target company),, GlobalTranz and Jordan agreed on their next objectives, and then an unusual thing happened: Jordan thought about selling. The buyer? As a result, while the two companies may be together under their current ownership, they continue to operate under their own brand names. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. As always, things may change at any time, so be sure to check the official website or registration page for the latest details. Former Georgia Congressman Kwanza Hall says theres a need to add 4.6 million new housing units to the countrys stock over the next 10 years, but the U.S. is falling short of that goal by about 250,000 units per year. A collaboration of the Dallas Regional Chamber and Dallas Next, Dallas Innovates is an online news platform covering what's new + next in Dallas - Fort Worth innovation. 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. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. https://www.psgequity.com, Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Madine says the opportunities for Worldwide Expresss employees, franchisees, and independent agents are now greatly expanded with a goal of continuing to build Worldwide into a much larger business. 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. The deal with CVC and Worldwide was announced in June.