MNX Global Logistics (“MNX”), a global leader in time critical logistics, announced today that Quad-C Management has recapitalized and purchased the business from Audax Private Equity (“Audax”). The new ownership and investment will enable MNX to broaden its solution offerings, pursue strategic acquisitions, and accelerate its organic growth strategy into new and existing industry verticals and geographies.

On land, in the air and across the seven seas, right now the world’s supply chain can be summed up best in a single word: chaos.

Blame it on the pandemic, explosion of ecommerce, out-of-control wildfires and hurricanes, labor shortages, bottlenecks in cargo shipping—you name it. They’re all contributing to a global supply chain that once ran like clockwork.

The holiday shipping surge will only add to the chaos as deliveries are delayed around the world, just as they were last year.