Seller: Exel Transportation Services
Transaction Type: Sell Side M&A
Headquarters: Westerville, OH
Overview: Exel Transportation Services owns and operates a robust, nationwide Class IV/V VoIP-FGD enabled network that forms a mesh of connectivity across 9 major U.S. metropolitan markets. Consisting of long haul fiber paths, numerous routers, servers and switching equipment, the network provides on-net coverage of virtually every U.S. LATA. Excel also maintains interconnect agreements with more than 300 carriers.
Buyer: Platinum Equity
Headquarters: Beverly Hills, CA
Overview: Platinum Equity is a private equity firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, industrials, logistics, manufacturing and distribution. Since its founding in 1995, Platinum Equity has completed 200+ acquisitions in a broad range of market sectors.