Press Release

Mesirow Advises QuadExpress on its Sale to Mullen Group

  • QuadExpress is a leading global, technology-enabled third-party logistics provider focused on offering freight brokerage solutions across a variety of transportation modes

  • The acquisition will position QuadExpress for further growth

  • The sale executed by Mesirow highlights the firm’s expertise within the distribution and supply chain sectors

CHICAGO, July 7, 2021 – Mesirow acted as exclusive financial advisor to QuadExpress (“QE” or the “Company”), a division of Quad/Graphics, Inc. (“Quad”), on its sale to Mullen Group Ltd. (“Mullen”), a Canadian provider of trucking and logistics services.

QuadExpress is a global, technology-enabled, non-asset based third-party logistics provider that offers freight brokerage services across a variety of transportation modes. The Company leverages a proprietary transportation management system to effectively service a large and growing customer base diversified across numerous high-value end markets. QE manages an international network of over 6,500 carriers that provides the Company with access to over 120 countries and 90 ports. Mullen’s acquisition of QE offers access to a large and growing US-based freight brokerage operation with advanced technology and systems, strong carrier and customer relationships and numerous near-term growth opportunities.

Kelly Vanderboom, Executive Vice President of Quad Logistics, commented on the transaction, “Mesirow’s extensive sector experience, key industry relationships and excellent execution capabilities played a crucial role in the successful pairing of QE with Mullen.”

“We appreciated the opportunity to represent QE in this transaction,” said Rocky Pontikes, Managing Director of Mesirow Investment Banking. “QE has cultivated a reputation for exceptional, high quality freight brokerage services, advanced technology, and customer service. Mullen will be a strong partner to help the Company execute its strategic growth initiatives.”

The sale of QE represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the distribution and supply chain sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top Workplaces by the Chicago Tribune.

About QuadExpress
QuadExpress is a global, technology-enabled, non-asset based third party logistics provider that offers freight brokerage services across a variety of modes. QE’s asset-light global logistics network provides reliability, convenience, flexibility and value to its customers. Learn more at shipquadexpress.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with QuadExpress, Quad/Graphics, Inc., Mullen Group Ltd., or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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