<article>Private equity firm <a href="http://dealstreetasia.com/tag/the-riverside-company" target="_blank" rel="noopener">The Riverside Company</a> has completed the add-on of Melbourne-based Logical Freight Solutions P/L (LFS) to its MNX Global Logistics (MNX) platform.</article>

Private equity firm <a href="http://dealstreetasia.com/tag/the-riverside-company" target="_blank" rel="noopener">The Riverside Company</a> has completed the add-on of Melbourne-based Logical Freight Solutions P/L (LFS) to its MNX Global Logistics (MNX) platform.
LFS specializes in logistics for the healthcare, life sciences and biotech markets. Financial terms of the deal are undisclosed.
Incepted in 1988, Riverside focuses on acquiring and investing in growing businesses valued at up to $400 million and has invested in more than 490 transactions. The firm claims an international portfolio of more than 80 enterprises.
LFS complements MNX’s growing international capabilities and proven ability to reliably deliver time- and temperature-sensitive shipments—a key consideration for the industries LFS and MNX serve. MNX offers a global footprint that will be particularly enhanced in the Asia-Pacific region with the addition of LFS.
In a statement, Riverside Partner Peter Tsang said, “Logical Freight Solutions has the expertise and capabilities that demanding healthcare customers require. It opens new customers for MNX and allows LFS to reach new geographies and to leverage MNX’s class-leading technology.”
MNX CEO Paul J. Martins said MNX is continuing to grow globally and the addition of LFS is a particularly exciting opportunity given the strong cultural fit between the companies.
“The pace of growth in patient-centric medicine, with its strict requirements for temperature-controlled transportation and time-definite delivery, underscores the role that speciality time-critical logistics providers will continue to play in the life sciences and healthcare industries,” said Martins.
The addition of LFS to MNX will serve to expand its customer base and expand the suite of services it currently offers to clients in the healthcare, life sciences, and medical device industries.
LFS is the second add-on completed during Riverside’s investment hold of MNX, joining the 2016 add-on of Aero Express Logistics. Riverside plans to continue growing MNX through a combination of organic initiatives and strategic acquisitions.
Working with Tsang on the deal for Riverside were Operating Partner Steve Stubitz, Vice President Drew Flanigan and Senior Associate Fei Ren. Partner Anne Hayes helped secure the financing for the transaction.
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PE firm Riverside Company completes its acquisition of Melbourne-based Logical Freight Solutions for an undisclosed sum.

Australia: Riverside Company completes acquisition of Logical Freight Solutions

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Australia: Riverside Company completes acquisition of Logical Freight Solutions

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