Audax Private Equity Announces the Acquisition of MNX Global Logistics

Audax Private Equity (“Audax”) announced that it has acquired MNX Global
Logistics (“MNX”) from The Riverside Company. MNX, headquartered in Long
Beach, CA, is a leading, global provider of customized transportation
and logistics services for time critical, high-value goods with
expertise (including Temperature-Controlled) in healthcare, life
sciences, aviation, and other end markets. Terms of the transaction were
not disclosed.

Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax,
said, “MNX has earned an outstanding reputation in the
time-critical logistics market by consistently delivering dependable,
customized solutions to its healthcare and aviation customers. We look
forward to working with Paul Martins and the MNX team to continue
building a leading platform through organic growth and add-on
acquisitions.”

Paul Martins, CEO of MNX, said, “We are excited to
partner with Audax for the next stage of our growth. Audax brings
expertise and resources that will help us continue to build our market
leadership position by expanding our service offering and value
proposition to our clients through strategic acquisitions and growth
initiatives.”

BB&T Capital Markets served as financial advisor to MNX. Kirkland &
Ellis LLP served as counsel to Audax.

ABOUT AUDAX PRIVATE EQUITYSince its founding in 1999, Audax
has been focused on building leading middle market companies. Audax has
invested $5 billion in 116 platform and 686 add-on companies. Through
its disciplined Buy & Build approach, Audax seeks to help platform
companies execute add-on acquisitions that fuel revenue growth, optimize
operations, and significantly increase equity value. Audax Group is an
alternative asset management firm specializing in investments in middle
market companies. With offices in Boston, New York, and San Francisco,
Audax Group has over $12 billion in assets under management across its
Private Equity, Mezzanine, and Senior Debt businesses. For more
information, visit the Audax Group website, www.audaxgroup.com.

ABOUT MNXMNX is a premium global provider of specialized,
expedited transportation and logistics services. Clients include
multinational leaders in the biopharmaceutical, life sciences, medical
device, aviation and entertainment industries. These organizations rely
on MNX’s exceptional record of transporting critical items around the
world. MNX serves over 190 countries, including key North American, Asia
Pacific, South American and EMEA markets with services that include
dedicated hand-carries, next-flight-out, inventory management,
fulfillment operations and 4PL services management.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005722/en/

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