Brown Gibbons Lang & Co. (BGL), an independent investment bank and financial advisory firm focused on the global middle market, recently sold CLX Logistics, a Pennsylvania-based transportation management systems provider, to Quantix, a Texas-based supply chain services company to the chemical industry, for an undisclosed amount.
BGL’s Industrial Distribution and Supply Chain & Logistics Services teams served as the exclusive financial advisor to CLX.
CLX offers customers in North America and Europe with liquid bulk third-party logistics (3PL), brokerage, intermodal, international services, managed services, rail, supply chain consulting, and industry-leading technology and analytics products.
Quantix, a portfolio company of Wind Point Partners, provides bulk shippers with end-to-end support through and suite of services that includes 3PL solutions, distribution centers, transportation, and export/import. The company’s purchase of CLX expands its presence in North American and European markets.
The combination of Quantix and CLX creates one of the world’s largest providers in the chemical supply chain logistics market. The combined company will have more than 40 distribution centers and rail terminals, 3,300 partner carrier relationships, approximately 5,400 owned assets, and more than $2 billion in logistics spending.
BGL advises private equity groups and private and public corporations on restructurings, mergers and acquisitions, and other strategic matters.