Riverside Flies Off With First Add-on For MNX February 29, 2016
Aero Express Logistics Joins MNX Global Logistics
The Riverside Company has added Aero Express Logistics (AEL) to its MNX Global Logistics (MNX) platform. AEL is a Singapore-based specialized third-party logistics provider serving the region’s growing aerospace maintenance, repair, and overhaul (MRO) market. MNX specializes in expedited transportation and logistics services.
“This is a highly complementary addition to MNX,” said Riverside Partner Peter Tsang. “AEL brings a slate of blue-chip international airline and MRO customers, deepens MNX’s service capabilities, and further strengthens the company’s Asian network.”
Current AEL customers will benefit from the combined entity’s ability to ship and manage their entire global inventory from a single ASA-100 accredited platform, while MNX customers will gain improved service capabilities in Singapore.
“This combination will provide MNX’s aviation customers with better access to Singapore’s growing aerospace cluster, while allowing AEL’s existing customers to tap into MNX’s worldwide network and technology platforms,” said MNX CEO Paul J. Martins. “Together both companies are better positioned to deliver enhanced service and worldwide supply chain solutions to new and existing customers in the aviation, aerospace and MRO industries.”
Riverside plans to continue growing MNX through a combination of organic initiatives and bolt-on acquisitions.
Working with Tsang on the deal for Riverside were Operating Partner Steve Stubitz, Vice President Drew Flanigan and Associate Alicia Wnorowski.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 420 transactions. The firm’s international portfolio includes more than 80 companies.