Magnate Worldwide Completes the Acquisition of Domek Logistics
OAKBROOK TERRACE, Ill., Nov. 2, 2018 /PRNewswire/ -- Magnate Worldwide ("MWW"), a partnership between CIVC Partners, L.P. ("CIVC") and Magnate Capital Partners ("MCP"), is pleased to announce the acquisition of Domek Logistics, LLC ("Domek" or the "Company").
Domek, headquartered in Crystal Lake, Illinois, provides asset-light freight forwarding and customs house brokerage services primarily to customers located in the Midwest. With a focus on complex logistics solutions and high-touch service, Domek provides a range of services for all international transportation needs, including air, ocean, full-container/less-than-container loads, multi-vendor consolidations, rail and truck. Domek will become part of Masterpiece International ("Masterpiece"), MWW's customs brokerage and international logistics subsidiary.
"We're delighted to welcome the Domek Logistics team to our Masterpiece family," said Thomas Gilgen, President of Masterpiece International. "The addition to the Midwest will further expand our presence and operations in the market and will support continued growth in our International Logistics Solutions division." Following the Domek acquisition, Masterpiece International will have 17 offices across the United States.
The entire Domek team, including co-founders Dave Domek, Jennifer Parker, John Wember, and Tina Zabielski will remain in place following the transaction and will continue to provide superior levels of service to clients. "We are excited to join Masterpiece and to become part of the broader Magnate Worldwide family," said Dave Domek. "We believe our team is a perfect fit because Domek was built on the same foundational pillars as Masterpiece – experience, knowledge, reputation, and customer service."
MWW continues to look for best-in-class companies that operate in the international freight forwarding and North American premium transportation markets. For more information on MWW's family of companies and acquisition criteria, please visit www.magnateworldwide.com.
About Magnate Worldwide
MWW is a shipping and logistics company focused on asset-light premium logistics that serves its clients by providing experienced and skilled operational and customer focused talent. MWW's objective is to build through select acquisitions a diversified asset-light logistics company that offers a single source for time-critical and service-sensitive solutions through its domestic and international transportation network. With a strong capital position and seasoned management team, MWW is building a leading premium transportation and logistics provider. Learn more at www.magnateworldwide.com.
About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm established in 1970 that provides growth and buyout capital to middle-market companies and executives with a focus on the business services and financial services sectors. The current management team, which has worked together since 1989, has invested over $1.6 billion in 62 platform investments and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.
SOURCE CIVC Partners, L.P.
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