Paul J. Martins Assumes Role as the Chairman of the Board of Advisors
of MNX Global Logistics
LONG BEACH, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/BeyondTheBox?src=hash” target=”_blank”gt;#BeyondTheBoxlt;/agt;–MNX Global Logistics (“MNX”) today named John Labrie as President and
Chief Executive Officer, effective immediately. MNX also announced that
Paul J. Martins, CEO of MNX since 2014, will continue to be actively
involved in helping shape MNX’s strategy as Chairman of MNX’s Board of
Advisors.
“The Board of Directors and Audax would like to thank Paul for his
service to MNX, during which he successfully expanded the company
organically into new markets, and globally through acquisitions. With a
strategic plan to continue growing MNX through acquisition
opportunities, John Labrie has the right operational and leadership
abilities to deliver on this strategy,” said David Wong, Managing
Director at Audax Private Equity.
Labrie was previously CEO of Network Global Logistics, whose Express
division was acquired by MNX in 2018. Labrie previously also served in
various senior leadership positions at Echo Global Logistics and
Con-way, Inc., since acquired by XPO Logistics.
“I am honored and excited for this opportunity to lead this exceptional
organization of dedicated, passionate, and creative people,” said John
Labrie. “We all work together to solve our customers’ most critical
logistics challenges, and I am committed to elevating MNX to further
solidify its position as a leader in the time-critical logistics
segment.”
“I am excited to continue advising MNX in its next chapter with John,”
said Paul Martins. “Over the last few years, MNX has transformed itself
into a leading provider of time critical logistics serving healthcare,
medical, aviation, and other specialty end markets, and we believe that
it is well positioned to accelerate its strategy,” he continued.
In July 2018, Audax Private Equity invested in MNX with the goal of
helping to create a leading independent provider of time critical
logistics. The company plans to continue expanding its service offering,
capabilities, and footprint through investing in its team and
technology, as well as through acquisitions.
About MNX Global Logistics
MNX Global Logistics (www.mnx.com)
is a premium global provider of specialized, expedited transportation
and logistics services. Clients include multinational leaders in the
biopharmaceutical, life sciences, medical device, aviation, technology
and entertainment industries. These organizations rely on MNX’s
exceptional record of transporting critical items around the world.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in
Boston, New York, and San Francisco. Since its founding in 1999, the
firm has raised over $24 billion in capital across its Private Equity
and Private Debt businesses. Audax Private Equity has invested over $5
billion in more than 120 platforms and 760 add-on companies. Through its
disciplined Buy & Build approach, Audax seeks to help platform companies
execute add-on acquisitions that fuel revenue growth, optimize
operations, and significantly increase equity value. With more than 240
employees and over 100 investment professionals, the firm is a leading
capital partner for North American middle market companies. For more
information, visit the Audax Group website www.audaxgroup.com.
Contacts
Media Contact:
Ken Ying
Vice President Marketing
(310)
981-0919
[email protected]
