Majority share of Greatwide sold

Jan. 1, 2007
Greatwide Logistics Services, a third-party logistics services company based in Dallas TX, announced that Fenway Partners, a majority owner of the firm

Greatwide Logistics Services, a third-party logistics services company based in Dallas TX, announced that Fenway Partners, a majority owner of the firm since 2000, has entered into an agreement to sell a substantial portion of its holding to Investcorp and Hicks Holdings LLC for $730 million.

Upon completion of the transaction, Investcorp will become the majority shareholder of Greatwide, with Hicks Holdings as a significant investor and with Fenway Partners continuing to hold a minority interest in the company.

“Greatwide is a leading non-asset based transportation and logistics company that has distinguished itself with strong growth and annual revenues that totaled $1.2 billion in the most recent period,” said Sean Madden, a managing director of Investcorp.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Discover how eets can evaluate, select, and implement trailer telematics with condence. This step-by-step guide walks you through the entire process, so you can improve visibility...
Read more about how WarmMark QR addresses today’s common cold chain monitoring challenges through an innovative combination of visual and digital tracking.
The future of spot buying is automated. Here are 6 reasons why—and how Trimble leads the way.
Unexpected toll costs cutting into your fleet’s profits? Learn how to take control with smart toll management strategies that boost efficiency, savings, and productivity.