Quantix SCS, a portfolio company of Wind Point Partners, has announced the acquisition of Delaware Express Co, a provider of dry and liquid bulk transportation services. Delaware represents another strategic acquisition that bolsters the Quantix fleet of specialised assets and reinforces the company’s footprint in the Mid-Atlantic region.
Delaware is a family owned and operated regional trucking company specialising in bulk transport. Founded in 1935, Delaware has provided an unwavering commitment to its customers through three generations of family ownership. The company is headquartered in Elkton, Marylnd, US, with four additional satellite terminals in Delaware, New Jersey, New York, and Massachusetts, US.
“Delaware represents another strategic acquisition that bolsters the Quantix fleet of specialised assets.”
“We are very happy to welcome the Delaware team to Quantix, and we congratulate them on the strong business they have built through many decades of hard work and dedication,” stated Chris Ball, President and CEO of Quantix. “The company’s focus on superior service and strong company culture perfectly align with the Quantix approach, and we look forward to fostering this culture in our combined future.”
Konrad Salaber, Managing Director at Wind Point, commented, “Bolstering our dry and liquid capabilities via strategic acquisitions is a key pillar within the Quantix value creation plan and Delaware’s expertise in both service lines is a highly valuable addition for the combined platform. The Delaware network fills a void in the Quantix footprint in the Mid-Atlantic region and we look forward to continuing to deliver world-class service levels for our regional customers across their entire supply chain.”
“Becoming a part of the Quantix family was a natural fit for our company for many reasons, most notably because of their commitment to customer service excellence,” stated Robert Winther, President of Delaware. “We’re confident this is the right move for the next chapter of our business and look forward to a successful future.”
Faegre Drinker Biddle & Reath LLP served as legal counsel and RedRidge provided transaction advisory services to Quantix.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/14122021/quantix-acquires-bulk-trucking-company/
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