Harris Williams & Co. Advises Worldwide Express on its Sale to Ridgemont Equity Partners

February 3, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announced that it advised Worldwide Express, LLC (Worldwide), a portfolio company of Quad-C Management Inc. (Quad-C), on its sale to Ridgemont Equity Partners (Ridgemont). Worldwide is a leading provider of third-party logistics services to small-to-medium-sized businesses. Harris Williams & Co.’s team included Jason Bass, Frank Mountcastle, Jeff Burkett, Jeff Kidd and Nick Petrick from the firm’s Transportation & Logistics (T&L) Group.

“Worldwide and Quad-C successfully executed on a growth strategy that firmly positioned the company as a market leader in the non-asset logistics industry,” said Jason Bass, a managing director at Harris Williams & Co.  “Favorable industry dynamics, organic growth opportunities and numerous acquisition opportunities bode well for Worldwide’s continued success.”

“We have greatly enjoyed working with Worldwide’s management team and shareholders,” added Frank Mountcastle, a managing director at Harris Williams & Co. “We are excited to see the company build on its existing leadership position and execute on its powerful growth strategy.” 

Worldwide 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 is based out of Dallas, Texas, with more than 150 offices across the U.S.

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 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.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy duty vehicle, truck, rail, marine and air transportation, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.