Ridgemont Equity Partners has agreed to buy logistics company Worldwide Express from Quad-C Management. The PE firm will merge the target with portfolio company Unishippers Global Logistics and the combined company will be called Worldwide Express Global Express. Financial terms were not disclosed.
Worldwide Express, based in Dallas, provides shipping along with truck and air freight services. Quad-C invested in the company in 2013. Unishippers, located in Salt Lake City, Utah, is also a shipping logistics company and was acquired by Ridgemont in 2015. Current Worldwide Express CEO Tom Madine will lead the combined business, which will have 308 U.S. offices and more than 90,000 customers.