Magnate Worldwide is pleased to announce that it has been acquired by Littlejohn & Co., a private equity investor with a long track record of successfully building value in middle market companies. Magnate and its business segments will continue to be led by the same senior management team and this transition will be seamless to employees, customers, and vendors.
Magnate Worldwide is pleased to announce the acquisition of ASAP Expediting & Logistics, as a strategic addition to TrumpCard, its premier service provider of heavyweight, time sensitive, and mission critical shipments.
In the five years following its inception, Magnate Worldwide has grown rapidly, both organically and through a strategy of select acquisition. Founded in 2015, the company’s journey began with the purchase of TrumpCard and Masterpiece, and expanded Masterpiece through Somerset Marine, and Domek Logistics.
Magnate Worldwide is pleased to announce the acquisition of Hybrid International Forwarding, a strategic addition to Masterpiece International. The acquisition expands its existing presence in Atlanta, a critical U.S. gateway market, and enhances its service capabilities
Magnate identified social responsibility as a strategic initiative for 2020 and has built a grassroots program through support by the many passionate members of our team who have volunteered their time to grow the program.
“We are delighted to be acknowledged on the 2020 Inc. 5000 list alongside other rapidly-growing, exciting companies,” said Dante Fornari, CEO of Magnate Worldwide, “The past three years have been great for our portfolio of complementary logistics companies, and we look forward to more growth, building upon our strong foundation.”
Magnate Worldwide is pleased to announce that it has been recognized as a Leading 3PL “Gold” for 2019 by Global Trade Magazine. Global Trade is a top publication dedicated to leaders of global business covering topics ranging from logistics to banking.
It is with great sadness that we announce the passing of Mike Welch, Co-Founder of Magnate Worldwide, and veteran of the transportation and logistics industry. Mike Welch is survived by his wife, Lisa, and two children, Kara and Carter.