Houlihan Lokey Advises Network Global Logistics

Houlihan Lokey is pleased to announce the sale of Network Global Logistics, LLC (NGL) in three separate transactions. NGL's business units consist of the Express division (Express), the Supply Chain Services division (SCS), and the Medical Logistics Solutions division (MLS). Express has been acquired by MNX Global Logistics (MNX), a portfolio company of Audax Private Equity (Audax PE). SCS has been acquired by Impact Fulfillment Services, LLC (IFS), a portfolio company of Endeavour Capital (Endeavour). MLS has been acquired by Black Lake Capital. The three transactions closed on December 5, 2018.

Headquartered in Broomfield, Colorado, NGL is a leading third-party logistics company providing mission-critical expedited transportation and specialty distribution solutions. The company's business units include Express, SCS, and MLS. Express is the premier provider of NFO, on-demand courier, and SPL services to customers requiring immediate delivery of critical parts, devices, and parcels. SCS is a provider of multi-client and dedicated contract logistics solutions with a multi-regional footprint in North America. MLS is a leading national medical courier specializing in same day delivery and handling of medical samples, pharmaceuticals, and other critical items.

MNX is a leading provider of time-critical logistics services for sensitive, high-value goods. Headquartered in Long Beach, California, MNX offers a portfolio of expedited shipping, supply chain management, and freight services across a comprehensive global network. MNX was acquired by Audax PE in July 2018.

IFS is a leading provider of outsourced contract packaging and distribution services to leading branded consumer products companies in the United States. Headquartered in Burlington, North Carolina, IFS' primary services include final assembly of point-of-purchase displays and custom packaging for consumer goods sold through the club and mass retail channels. In 2016, Endeavour invested in IFS to provide partial liquidity to the shareholders and to support IFS' long-term growth objectives.

Black Lake Capital is an Evergreen, Colorado-based private investment firm focused on middle-market companies with revenue between $5 million and $100 million, primarily in business and financial services, technology, and value-added industrials.

Houlihan Lokey served as the exclusive financial advisor to NGL and assisted in initiating, structuring, and negotiating these transactions on our clients behalf. This transaction highlights Houlihan Lokey's continued success in working with high-quality clients and driving successful outcomes, as well as the team's expertise in advising transportation and logistics companies.

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