US home delivery business Exel Direct has been rebranded as MXD Group following its acquisitionby private investor Platinum Equity from Deutsche Post subsidiary Exel Inc. in May this year.
MXD Group is specialised in final mile delivery logistics solutions for North American retailbrands across the segments consumer electronics, furniture and appliances. Around 2.3 milliondeliveries per year are conducted on the company’s behalf through a nationwide network ofprofessionally managed and certified independent contractors and agents. The rebranded business isa leader in “white glove” home delivery and retail replenishment solutions and services.
Platinum Equity explained that the name MXD originates from Merchants Home Delivery Service,Inc, Exel Direct’s original name. “MXD embraces a history of final mile delivery and supply chainexcellence through people, technology and innovative solutions,” it stated.
“The transition to new ownership has been good for our business and is opening up many excitingopportunities,” Exel Direct President and CEO David Vieira, said. “We are continuing to focus onserving our core customers while expanding our reach and pursuing new end markets. Launching ournew MXD Group brand is an exciting step in the evolution of our business.”
Since acquiring Exel Direct, Platinum Equity has worked with Exel Inc. to ensure a seamlesstransition.
As a global M&A&O firm, Platinum Equity specialises in mergers, acquisitions andoperations of companies providing services to customers in a wide range of industries. Theseinclude information technology, telecommunications, logistics, metals services, manufacturing anddistribution. Founded in 1995, Platinum Equity has completed more than 150 acquisitions.
