Fidus Partners Advises on Sale of Worldwide Express

NEW YORK, Feb. 03, 2017 (GLOBE NEWSWIRE) -- Fidus Partners, a leading provider of middle market merger and acquisition advisory and related services, announced that it acted as lead financial adviser to Worldwide Express, LLC (Worldwide), a portfolio company of Quad-C Management Inc. (Quad-C), on the sale of Worldwide to Ridgemont Equity Partners. Worldwide is a leading provider of third-party logistics services to small-to-medium-sized business. The Fidus Partners team was led by John Ross, Chris Haza, and Patrick Clark.

“We have enjoyed relationships with Worldwide and Quad-C for more than 10 years and involving numerous transactions, and we were thrilled to have the opportunity to advise them on this latest transaction,” said John Ross, the chairman and a founding partner of Fidus Partners. “Over the years, Worldwide has achieved tremendous growth and success under the strong leadership of Executive Chairman and Founder David R. Kiger, Chief Executive Officer Tom Madine, Chief Financial Officer Rob Rose, and the rest of the talented management team. As a leader in the U.S. freight brokerage industry, we believe Worldwide is extremely well positioned for continued strong growth.”

“We have truly enjoyed working with the Worldwide team and their partners at Quad-C, including Partner Tom Hickey and Principal Michael Brooks,” added Chris Haza, a managing director at Fidus. “Quad-C has worked hard with management to significantly transform the business since acquiring it in 2013. They have a great deal of valuable expertise and a strong track record of success in the transportation and logistics sector.”

Worldwide Express serves small-to-medium-sized businesses by providing various asset-light logistics services, including small parcel, less-than-truckload, and full truckload freight brokerage services. Worldwide Express is based out of Dallas, Texas, with more than 150 offices across the United States.

Quad-C is a middle market private equity firm founded in 1989 and headquartered in Charlottesville, Virginia, focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution, and transportation and logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3.5 billion in 135 companies. The firm focuses on investments of $25 million to $100 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology.

Founded in 2005 with offices in New York and Charlotte, Fidus Partners ( provides merger and acquisition advisory and related services to private equity firms, corporations, and private business owners. With a wealth of experience and unwavering commitment to client service, senior Fidus professionals have completed over 400 transactions in a broad array of industries, including: building products, business services, consumer & retail, distribution, food, franchising, industrial, and transportation & logistics.

Securities transactions conducted through Fidus Securities, LLC, a Fidus Partners affiliate, broker-dealer, and member of FINRA and SIPC. Fidus Securities, LLC is not affiliated with any other company mentioned.

Contact: John J. Ross, II

Source:FIDUS Partners