January 03, 2022 08:25 AM Eastern Standard Time
GREENWICH, Conn.--( BUSINESS WIRE )--Littlejohn & Co. LLC, a private investment firm based in Greenwich, CT, today announced that it has acquired Magnate Worldwide (“MWW” or the “Company”), a diversified supply chain management company comprised of a strong portfolio of complementary, premier logistics services focused on premium freight services. Terms of the transaction were not disclosed. MWW provides logistics services for sensitive, time-definite, high-value, and white-glove shipments across a range of industries including expedited domestic transportation, fine arts logistics, and global freight forwarding, with the highest levels of customer service. The Company operates through two premier logistics brands: Masterpiece International and TrumpCard. Masterpiece provides customs brokerage and international logistics services through 17 offices located in major international shipping hubs throughout the U.S. Over the last 25+ years, Masterpiece has leveraged its unique expertise with highly complex air, ocean, and ground shipments to develop a full suite of international logistics services for a broad range of industries. TrumpCard is a provider of premium logistics services specializing in the transportation of high-value and time-sensitive shipments across the healthcare, aerospace, entertainment, and electronics industries, among others. TrumpCard provides a full suite of specialized logistics services, including time-definite LTL (Deferred), airfreight, and other domestic and international expedited services, as well as an array of customized white-glove services. “Magnate Worldwide builds upon Littlejohn’s deep expertise investing in the transportation and logistics sectors,” said Ed Feeley, a Managing Director at Littlejohn. “Global and domestic supply chains are becoming increasingly dynamic and MWW is able to help its customers manage this increasing complexity through its combination of a broad premium logistics offering, deep customer service focus, leading information technology capabilities and talented management team. We are excited to partner with the MWW team to drive the Company’s continued growth.”
“We are thrilled to continue the Magnate Worldwide story by partnering with Littlejohn, a world-class private investment firm with a proven track record of driving long-term value for its portfolio companies,” added Dante Fornari, CEO of MWW. “Magnate and our brands will benefit greatly from Littlejohn’s strategic capital and resources in our efforts to build scale, drive organic growth, and continue to strengthen our platform through M&A.”
Financing for the transaction was provided by Citizens Bank, N.A. and Prospect Capital Corporation. Citizens Bank, N.A also acted as Littlejohn’s financial advisor. Gibson, Dunn & Crutcher LLP served as legal counsel to Littlejohn. About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With approximately $14 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com . Contacts

Littlejohn &amp; Co. Acquires Magnate Worldwide

Littlejohn & Co. Acquires Magnate Worldwide

February 24, 2021
RICHMOND, VA/BALTIMORE, MD – February 22, 2021 - Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of ASAP Expediting & Logistics, LLC and G&H Transport, LLC (collectively, “ASAP”, “ASAP Expediting & Logistics” or the “Company”) to Trump Card Holdings, LLC (“TrumpCard”), a subsidiary of Magnate Worldwide, LLC (“Magnate Worldwide”), and a portfolio company of CIVC Partners, L.P. (“CIVC”). Founded in 2008 by CEO Garland Hobgood, ASAP Expediting & Logistics is a leading, asset-light, third-party logistics business, specializing in providing expedited freight solutions to domestic and international customers. In the first five years of operation, Mr. Hobgood used his unique, high-touch and customer-centric approach to time-critical freight to attract blue chip clients in industrial end-markets, including mining, construction, and pulp & paper. Since then, ASAP has expanded its market expertise to include aerospace, automotive, and food & beverage, driven by the sales efforts of President Angela Hobgood and the hard work and dedication of the Company’s many valued employees. Today, ASAP Expediting & Logistics continues to grow rapidly with existing and new customers that value a solutions-oriented and tailored approach to logistics services. The transaction was managed by David Shoulders, Managing Director and Head of Matrix’s Consumer & Industrial Investment Banking Group; William O’Flaherty, Director; John Mosser, Associate; Matt Oldhouser, Associate; and Duncan Rogers, Analyst. Mr. Shoulders commented, “We are grateful to have been selected by the Hobgoods to assist them in this important assignment. They have been a joy to work with and we are thrilled to arrive at an outcome that achieved all of their objectives.”
Angela and Garland Hobgood, noted, “We are very excited to forge the next phase of ASAP and could not have found a better home. TrumpCard and ASAP have very similar cultures and recognize that our people are what make us who we are.” Regarding Matrix’s services, they added, “Matrix has exceeded our expectations across the board. They have been invaluable resources throughout this process and are responsible for this outstanding result. Their work ethic and enthusiasm are second to none.”
TrumpCard Executive Chairman, Marco Hanlon, noted, “TrumpCard’s specialization and unique value proposition has always allowed us to set ourselves apart from other service providers. We found the same rare quality in ASAP, and now we can expand our service offering, while leveraging the core resources of TrumpCard.”
Regarding the partnership, Dante Fornari, CEO of Magnate Worldwide, concluded, “ASAP and TrumpCard are each very special companies, built upon satisfying the most demanding and unique shipping circumstances. The joining of these strengths forms a landmark partnership of two companies with exceptional leadership, and a laser-like market focus.”
Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complimentary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. TrumpCard specializes in the transportation of domestic heavyweight shipments in the time sensitive, high value and mission critical arenas. As part of the transaction, Mr. and Mrs. Hobgood will remain active in the day-to-day operations of the Company. ASAP’s office in Columbia, South Carolina is strategically located to service its surrounding manufacturing corridor and will continue to be fully operational. Complete with some of the top specialists in the industry, ASAP will continue its great legacy, now with the support and infrastructure of TrumpCard. Williams Mullen served as legal counsel for ASAP Expediting & Logistics. Kirkland & Ellis LLP served as legal counsel for TrumpCard, Magnate Worldwide, and CIVC. About Matrix Capital Markets Group, Inc. Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and Chicago, IL. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies, as well as municipalities. Matrix’s advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations, fairness opinions and business consulting. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, business services, consumer products, convenience retail, downstream energy, healthcare and industrial products. For additional information or to contact our team members, please visit www.matrixcmg.com. Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Announces the Successful Sale of ASAP Expediting & Logistics

CIVC Portfolio Company, Magnate Worldwide, Completes Acquisition of ASAP Expediting & Logistics
Written by Kate Gallego on February 22, 2021
February 22, 2021 (Portland, OR) – CIVC Partners portfolio company, Magnate Worldwide (“Magnate”), is pleased to announce the acquisition of ASAP Expediting & Logistics (“ASAP”). ASAP will be a strategic addition to TrumpCard, Magnate’s premier service division that provides heavyweight, time sensitive, and mission critical shipments. Like TrumpCard, ASAP specializes in shipments which are of high consequence, and must arrive, as the name implies, as soon as possible. Founded in 2008, ASAP distinguishes itself with its recognition of the value of uptime and the cost of downtime to manufacturing and productivity. Aptly named, “as soon as possible” shipments are its expertise: anytime, anywhere, any situation. “We are very excited to forge the next of phase of ASAP and could not have found a better home. TrumpCard and ASAP have very similar cultures and recognize that our people are what make us who we are”, shared Angela and Garland Hobgood, President and CEO, respectively, of ASAP. “TrumpCard’s specialization and unique value proposition have always allowed us to set ourselves apart from other service providers. We found the same rare quality in ASAP, and now can expand our service offering while leveraging the core resources of TrumpCard”, said Marco Hanlon, Executive Chairman. ASAP’s office in Columbia, South Carolina, is strategically placed to service its surrounding manufacturing corridor. Fully operational with some of the best people in the industry, ASAP will continue its great legacy, now with the support you would expect of a TrumpCard Signature Service. Magnate Worldwide is committed to growing both organically and through select acquisitions. “ASAP and TrumpCard are each very special companies built upon satisfying the most demanding and unique shipping circumstances. The joining of these strengths forms a landmark partnership of two companies with exceptional leadership and a laser-like market focus”, said Dante Fornari, CEO of Magnate Worldwide. Magnate continues to look for companies that operate in the international freight forwarding and North American premium transportation markets. For more information on Magnate’s family of companies and acquisition criteria, please visit www.magnateworldwide.com . About ASAP
For the last twelve years, ASAP has been a top time-critical expediter that specializes in getting shipments from A to B in the most effective and fastest way possible. They handle urgent shipments 24 hours a day, 7 days a week, anywhere in the nation, and even internationally. About TrumpCard
TrumpCard specializes in the transportation of domestic heavyweight shipments in the time sensitive, high value and mission critical arenas. TrumpCard is committed to providing the highest level of customer service and operational excellence. These commitments are centered around their core values of proactive communication, a sense of urgency with fast and responsive support, flexibility, industry-leading technology and around-the-clock availability, 24 hours a day, 7 days a week. About Magnate Worldwide
Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. For more information on MWW’s family of companies and acquisition criteria, please visit  www.magnateworldwide.com . About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm investing in high-growth middle-market companies in business services sectors. Since 1989, the team has invested approximately $1.8 billion in 68 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

CIVC Portfolio Company, Magnate Worldwide, Completes Acquisition of ASAP Expediting & Logistics

News provided by
Share this article
CARLSBAD, Calif., Nov. 26, 2018 /PRNewswire/ -- TrumpCard ("TCard"), the expedited air freight company of the Magnate Worldwide Family, continues to demonstrate its growth by announcing three promotions of senior operations staff: Kevin Forhane to Director of Operations, Tiffanie Zingrebe to Associate Director Back-End Operations, and Joe Mills to Associate Director Private Fleet. (PRNewsfoto/TrumpCard)
The three employees are long-time TrumpCard team members and integral parts of the company's operational excellence and customer service. "We're excited to see our long-time team members continue to succeed alongside the company," said Chris Zingrebe, President of TrumpCard, "Our teams are growing, and the additional layer of management will support our operational functions." Kevin Forhane, Director of Operations, has managed the TrumpCard operation while proving to be a leader and cornerstone for more than six years. He will continue to find solutions for customers, manage vendors, and build relationships from the national operations center in Carlsbad, CA. Forhane will be responsible for all operational processes, and leading the TrumpCard Operations Team through the next phase of growth. Tiffanie Zingrebe, Associate Director Back-End Operations, has worked in operations for nine years focusing on back-end tasks such as airport-to-airport forwarding, final mile logistics, risk assessment & management, proactive controls and customer solutions while overseeing the White Glove Technical Teams. In her new role, she will be the lead for planning, scheduling, monitoring, and successfully implementing the back-end operations so that clients receive the best possible service. Joe Mills,  Associate Director Private Fleet, has eleven years of experience managing the logistics of the growing TrumpCard fleet. The fleet has developed significantly under Mills' supervision and will continue to expand and lead the industry with driver technology and efficiency. "Our people, our company culture, and the operations are the core pieces to our customer service," said Zingrebe, "We'll continue to support and empower our employees as the company advances in 2019 and beyond." Kevin Forhane, Director of Operations; Tiffanie Zingrebe, Associate Director Back-End Operations; and Joe Mills, Associate Director Private Fleet will start in their new roles, effective immediately. About TrumpCard
Since 1995, Carlsbad, CA based TrumpCard has provided expedited air freight and ground solutions to customers around the United States, Mexico, and Canada. The company's cornerstone is its exceptional customer service and proprietary technology that allow customers with high-value and time-sensitive freight to have dedicated teams watching shipments all over the continent. Learn more at www.trumpcardinc.com . SOURCE TrumpCard

Promotions at TrumpCard Show Team Success

Acquired

TrumpCard is a provider of premium logistics services specializing in the transportation of high-value and time-sensitive shipments across the healthcare, aerospace, entertainment, and electronics industries, among others. The Company provides a full suite of specialized logistics services, including deferred and time-definite airfreight, next day air, and other domestic and international expedited services, as well as an array of customized white-glove services. TrumpCard consistently delivers exceptionally high levels of service and superior on-time delivery rates to customers across the country through a centralized, best-in-class operations center located at the Company's headquarters in Carlsbad, CA.

Name	Marco Hanlon
Work History
Title	Chief Executive Officer, President
Status	Former

Wells Fargo Success Story

Professional Services

Platform Overview

TrumpCard

Executives

TrumpCard Management Team

1 Team Member

This profile has not been claimed.

Discover the right solution for your team