Acquisition of Network Global Logistics’ Express Division cements MNX as the largest independent specialty logistics provider serving the Life Sciences, Healthcare, Medical Device, Aviation and Technology industries
MNX Global Logistics today announced that it has acquired the Express Division of Network Global Logistics (NGL). Founded in 1971 as the first same day air courier company, NGL today is a premier provider of integrated logistics services and supply chain solutions serving the specialty logistics needs of clients across a wide range of industries.
“We are proud to combine the pedigrees of two of the world’s premier time-, temperature- and security-sensitive specialty logistics providers,” said Paul J. Martins, CEO, MNX Global Logistics. “MNX and NGL, both with deep experience in specialty logistics are dedicated to enhancing our service offerings, and investing in people and technologies that will allow us to continue serving the needs of our customers. We look forward to the NGL team joining the MNX family and utilizing our combined resources to drive growth.”“We are seeing increased consolidation within the specialty logistics industry,” said John Labrie, CEO, Network Global Logistics. “The combination of NGL’s Express Division with MNX is the best option that expands the opportunities for NGL’s employees, and provides continuity for NGL’s customers to be served by a fully independent company whose singular focus is on specialty logistics.”
This announcement comes as one in a series of strategic business moves by MNX which support its global growth plan and commitment to continuously increase the capabilities that its customers demand. With this combination, MNX and NGL are better positioned to support customers looking to tap opportunities for growth throughout the world. With support from its financial sponsor, Audax Private Equity, who recently recapitalized the business in July 2018 to accelerate MNX’s strategic plan, MNX will continue to pursue additional acquisitions globally that focus on the time-critical logistics market.