Rotunda Capital and Fidus Investment Corp. have sold their investment in Dallas-based shipping firm Worldwide Express to a group of investors for an undisclosed amount.
The two companies had owned Worldwide Express since 2009.
Worldwide Express reached revenues of $550 million in 2012, rising from a 2009 revenue point of $192 million. Tom Madine, the company's chief operating officer, said there's even more room to grow.
“Worldwide Express is well-positioned as we enter our next chapter of growth,” he said. “We are appreciative of the support of Fidus Investment Corporation and Rotunda Capital, and we look forward to building upon our successes under the new ownership structure in the years ahead.” - Jon Ross