Littlejohn & Co. LLC, a private investment firm, has acquired Magnate Worldwide, a supply chain management company consisting of a portfolio of complementary logistics services concentrated in premium freight services.
Magnate offers logistics services for sensitive, time definite, high-value and white-glove shipments through a range of industries like domestic transportation, fine arts logistics and global freight forwarding. The firm will bring its two logistic brands Masterpiece International and TrumpCard to the combined firm.
“Magnate Worldwide builds upon Littlejohn’s deep expertise investing in the transportation and logistics sectors,” said Ed Feeley, managing director at Littlejohn. “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.”
Financing for the transaction was provided by Citizens Bank, N.A. and Prospect Capital Corp. Citizens Bank, N.A also acted as Littlejohn’s financial advisor. Gibson, Dunn & Crutcher LLP served as legal counsel to Littlejohn.