Kirkland & Ellis LLP represents Ridgemont Equity Partners, which announced today it entered into a definitive agreement to acquire Worldwide Express from affiliates of Quad-C Management. As part of the transaction, Ridgemont will merge its portfolio company, Unishippers Global Logistics, with Worldwide Express to form a new entity called Worldwide Express Global Logistics. The combination of Worldwide Express and Unishippers will create the largest U.S. non-asset based third party logistics provider of parcel and freight services to the small and medium-sized business segment. Ridgemont will be the lead equity sponsor, alongside certain co-investors, affiliates and members of executive management. The transaction has received HSR approval and is expected to close in the first quarter of 2017. Financial terms of the transaction were not disclosed.
The Kirkland team includes corporate partners Margaret Gibson, Christopher Thomas and Eric Sievertsen, debt finance partner Louis Hernandez, corporate associates Adam Clifford, Romain Dambre, Rosalyn Flores and Andrew Struckmeyer, and debt finance associate Evan Palenschat.
More information on the transaction is available here.