Paul J. Martins Assumes Role as the Chairman of the Board of Advisors of MNX Global Logistics
LONG BEACH, CALIF.--(Business Wire
) May 3, 2019 -- 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.
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