Quantix SCS and private equity owner Wind Point announced the acquisition of Delaware Express Co., a provider of dry and liquid bulk transportation services. Delaware Express is based in Elkton, MD.
The company is not related to Delaware Express, a bus, and shuttle company based near Newark.
One report indicates Delaware Express Co. has about 75 employees and $13.3 million in annual sales.
Delaware Express represents another strategic acquisition that bolsters the Quantix fleet of specialized assets and reinforces the company’s footprint in the Mid-Atlantic region, a release stated.
Delaware Express is a family-owned and operated regional trucking company specializing in bulk transport of dry and liquid materials.
Founded in 1935, Delaware Express had been through three generations of family ownership.
The company has satellite terminals in Delaware, New Jersey, New York and Massachusetts.
“Becoming a part of the Quantix family was a natural fit for our company for many reasons, most notably because of their commitment to customer service excellence,” stated Robert Winther, president of Delaware Express. “We’re confident this is the right move for the next chapter of our business and look forward to a successful future.”
Wind Point, an investment group, acquired Quantix, formerly known as A&R Logistics, in 2019 in partnership with board Co-Chair Mark Holden, a logistics executive who served as CEO of Quantix from 2012 until his planned retirement in 2021.
Chris Ball, a member of the Quantix leadership team since 2016 with more than 25 years of experience in the supply chain and logistics industry, was promoted to CEO in 2021.
Delaware represents the seventh add-on acquisition for Quantix under Wind Point’s ownership.
Quantix’s acquisition strategy will continue to focus on acquiring companies that provide dry and liquid bulk transportation, warehousing, and logistics services to producers and distributors of chemicals and plastics.
Wind Point is an active investor in transportation, logistics, and route-based businesses.
Quantix is headquartered in The Woodlands, TX with more than 35 locations across the U.S.
