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AEA SBF Acquires American Expediting
New York – May 31, 2019– AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of American Expediting (“AmEx” or the “Company”). AmEx is a leading same-day ground courier that specializes in on-demand, expedited transportation and logistics services for customers with time-critical shipment needs.
AmEx was founded in 1983 by CEO and President, Victor Finnegan and has grown to more than 300 employees spanning a network of more than 40 locations and two national call centers across the U.S. AmEx partners with an expansive network of over 800 highly trained independent contractor drivers, most of whom carry specialized certifications such as HIPAA, OSHA Blood Borne Pathogen and TSA approval. With its focus on superior customer service and reliability, AmEx has distinguished itself from other players in the rapidly growing domestic same-day B2B ground courier market. The Company’s primary focus is on the life sciences end market vertical, where its customers rely on AmEx to coordinate complex logistics operations for essential, high-value goods on a local, regional and national basis.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 80 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services. AEA SBF is a strategy within AEA that currently manages over $1.5 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
About American Expediting
Founded in 1983 and headquartered in Folcroft, Pennsylvania, AmEx is a leading same-day ground courier that specializes in on-demand, expedited transportation and logistics services for customers with time-critical shipment needs. AmEx’s services have expanded over time to encompass air services, a national logistics program, service parts distribution and warehousing, fulfillment, facilities and fleet management.
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