The private equity firm Riverside Co. has acquired MNX, a provider of expedited transportation and logistics services.
The companies said the change "will provide MNX the ability to fund future expansion and acquisitions."
They added that Scott Cannon, MNX's chief executive officer, "will continue in his role
and as a meaningful investor; Chuck Dunlap has been named as interim
CFO (chief financial officer)."
MNX’s primary service offering is its Express Service, which is used to transport high-value items, from transplant tissues to mission-critical maintenance parts, typically on a same-day basis. Additional services offered by MNX include freight forwarding and a variety of supply chain services tailored to the needs of its customers and their end markets.
MNX was the subject of an article in the May issue
of American Shipper
. - Chris Dupin