We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » GlobalTranz and Worldwide Express continue down merger path

GlobalTranz and Worldwide Express continue down merger path

3PLs take latest step in June deal to take on new private equity ownership.

globaltranz-Screen-Shot-2021-07-27-at-1.54.24-PM.png
July 27, 2021
DC Velocity Staff
No Comments

The third party logistics providers (3PLs) Worldwide Express LLC and GlobalTranz Enterprises LLC are continuing with their plans to merge through an acquisition of both firms by a consortium of private equity investors.

First announced in June, the deal was led by Ridgemont Equity Partners, CVC Capital Partners, Providence Equity Partners, PSG, and the management teams of both Worldwide Express and GlobalTranz. Terms of the deal were not disclosed.

The merger marks the latest step in a consolidation of several non-asset based 3PLs in the sector. In 2015, Ridgemont invested in Unishippers Global Logistics and subsequently led a transaction in 2017 to merge Unishippers into Worldwide Express, creating a provider of logistics services to small-and-medium sized shippers. 

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.

Now, the combined companies say they will have offerings in parcel, less-than-truckload (LTL, full truckload, and managed transportation. They will continue to go to market both directly and indirectly via franchisees and independent freight agents, serving customers spanning from small and medium sized businesses to larger enterprises.

Transportation 3PL
KEYWORDS GlobalTranz Worldwide Express
  • Related Articles

    CP ends efforts to acquire NS; citing "no clear path to friendly merger"

    GlobalTranz acquires Cerasis in merger of 3PLs

    Down the highway: Trucker Path releases list of nation’s best truck stops

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: top supply chain risk of 2023 is semiconductor shortage

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

1b952214 50bc 4b17 8699 b7fd3de34b0c

The Right Way Versus the Wrong Way Equals BIG $ When Conducting Transportation Sourcing Events

DCV-TV 4: Viewer Contributed
What is the "smart" way to source your transportation and why is it so important? Because the carriers are smart and they will provide better rates and service when things are done the right way versus the "wrong" way. In short, from a carrier's perspective sourcing events are a clear indication whether a shipper...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing