28 Aug 16

Magnate Worldwide Completes the Acquisition of TrumpCard

OAK BROOK, Ill. – Magnate Worldwide (“MWW”), a partnership between CIVC Partners, L.P. (“CIVC”) and Magnate Capital Partners (“MCP”), is pleased to announce the acquisition of a majority stake in TrumpCard, Inc. (“TrumpCard” or the “Company”). As part of the transaction, the founding shareholders will continue to be involved in the business going forward and maintain a significant ownership stake.

TrumpCard is a provider of premium logistics services specializing in the transportation of high-value and time-sensitive shipments across the healthcare, aerospace, entertainment, and electronics industries, among others. The Company provides a full suite of specialized logistics services, including deferred and time-definite airfreight, next day air, and other domestic and international expedited services, as well as an array of customized white-glove services. TrumpCard consistently delivers exceptionally high levels of service and superior on-time delivery rates to customers across the country through a centralized, best-in-class operations center located at the Company’s headquarters in Carlsbad, CA. For additional information about TrumpCard, visit www.trumpcardinc.com.

“We are extremely excited to join the Magnate platform,” said TrumpCard’s CEO Marco Hanlon. “The senior management team at MWW has a long, successful history of creating world-class logistics companies that will be invaluable to TrumpCard as we accelerate growth and continue to provide best-in-class service to our customers. We are also thrilled to work with CIVC going forward given their impressive track-record and believe that they are uniquely well-suited to support our growth objectives.”

TrumpCard is the first investment made by MWW, which was formed in late 2014 by CIVC and MCP to build a premier asset-light transportation and logistics company focused on the North American premium transportation and international freight forwarding markets. Three partners at MCP hold senior management positions at MWW. Dan Para and Mike Welch, who have each previously built successful logistics and transportation companies, are the Chief Executive Officer and President, respectively. Frank Shinnick is the Chief Financial Officer.

“TrumpCard is dedicated to the premium logistics niche and is committed to delivering superior service to clients,” stated Mike Welch, President of MWW. “We feel that TrumpCard is the ideal cornerstone for MWW as we execute on our strategy to build a leading, multi-disciplined, asset-light transportation and logistics company.”

John Compall, a partner at CIVC, noted that “TrumpCard has built a highly differentiated platform in the fragmented logistics industry and we are thrilled to partner with the management team to capitalize on the large market opportunity through both organic and acquisition-based growth strategies.”

The acquisition of TrumpCard builds on CIVC’s investment experience in the outsourced business services industry. Prior outsourced business services investments have included KPA Services, Yellowstone Landscape Group, EN Engineering, PowerTeam Services and Track Utilities.

For more information on MWW’s acquisition criteria, please visit www.magnateworldwide.com or email Dan Para (dpara@magnateworldwide.com) or Mike Welch (mwelch@magnateworldwide.com).

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