CIVC Portfolio Company, Magnate Worldwide, Completes Acquisition of Hybrid International Forwarding LLC
PORTLAND, OR – Magnate Worldwide, LLC (“Magnate”) is pleased to announce the acquisition of Hybrid International Forwarding, LLC (“Hybrid”).
Hybrid distinguishes itself by functioning as an extension of its clients’ supply chains by utilizing their large global network with excellent local service and a personal touch. “Hybrid’s strength in ocean import services will augment our service capabilities in a meaningful way. Combining strong leadership with a great cultural fit, this acquisition will complement our operational and commercial capabilities,” said Thomas Gilgen, President of Masterpiece International (“Masterpiece”), Magnate’s international logistics and customs brokerage subsidiary.
Hybrid founder, Andy Heller, said his team is excited to head into a bright future with Masterpiece, and looks forward to continuing the tradition of differentiated service to customers as part of Masterpiece International. “Masterpiece’s resources and reputation make it a perfect home for Hybrid’s team. We are excited to become part of Masterpiece and add our unique skills to the foundation they’ve been building over the years,” he added.
Hybrid’s office in Atlanta will become the next Masterpiece network location, expanding its Atlanta presence, with access to the world’s busiest airport in Hartsfield-Jackson Atlanta International and increasingly more important Savannah and Charleston ports.
Magnate continues to look for companies that operate in the international freight forwarding and North American premium transportation markets. For more information on Magnate’s family of companies and acquisition criteria, please visit www.magnateworldwide.com.
About Magnate Worldwide
Magnate Worldwide, LLC is a premier asset-light transportation and logistics company focused on the North American premium transportation and international freight forwarding markets. Magnate’s objective is to build, through select acquisitions, a diversified logistics company that offers a single source for time-critical and service-sensitive solutions through its dual-division, asset-light transportation network. Learn more at www.magnateworldwide.com.
About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm investing in high-growth middle-market companies in business services sectors. Since 1989, the team has invested approximately $1.8 billion in 68 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.
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