Endeavour Capital has sold Network Global Logistics to Quad-C Management Inc. NGL’s management team participated in the recap and will continue in their current operating roles. Financial terms weren’t announced. Broomfield, Colo.-based NGL is a third-party logistics company that provides transportation and specialty distribution services. BB&T Capital Markets advised NGL.
On July 17, 2012, Quad-C Management, Inc., completed the acquisition of Network Global Logistics, LLC (“NGL”), from Endeavour Capital. The existing management team of NGL participated in the recapitalization and will continue in their current operating roles. BB&T Capital Markets served as the exclusive financial advisor to NGL.
NETWORK GLOBAL LOGISTICS, LLC
Headquartered in Broomfield, Colo., NGL is a leading third-party logistics company providing mission-critical expedited transportation and specialty distribution solutions for thousands of customers across a wide range of end markets. Through its one integrated network, NGL provides Next Flight Out (“NFO”), Service Parts Logistics (“SPL”), Fulfillment and Distribution, Ground Courier Services and Transportation Management Solutions. www.nglog.com
QUAD-C MANAGEMENT, INC.
Quad-C is a private equity investment firm focused on acquiring successful middle market businesses in partnership with management and creating value through organic growth initiatives and follow-on acquisitions. Quad-C seeks investments in several industry verticals, including transportation and logistics, specialty distribution, building products, business services, healthcare and consumer. Over its history, Quad-C has invested in more than 45 platform companies and completed more than 130 transactions, valued in excess of $5.5 billion. Quad-C is based in Charlottesville, Va., with offices in New York, N.Y. www.quadcmanagement.com
Endeavour Capital was founded in 1991 to be a local source of capital and long-term partner to leading companies in the Western United States. The firm focuses on companies in six primary industry areas, including: food, healthcare, logistics and supply chain, education and training, niche manufacturing and business services. Endeavour Capital has offices in Portland, Seattle and Los Angeles. www.endeavourcapital.com
LOGISTICS AND TRANSPORTATION INVESTMENT BANKING
BB&T Capital Markets’ Logistics and Transportation Services Investment Banking Group provides M&A and capital-raising services to companies in the logistics and transportation services industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment, and waste services. Within the logistics and transportation services industry, BB&T Capital Markets has completed more than 100 investment banking transactions since 2000.