This transaction reflects John Mosser’s experience with another firm prior to Triscend Partners.

Matrix Announces the Successful Sale of ASAP Expediting & Logistics

February 22nd, 2021

Matrix Announces the Successful Sale of ASAP Expediting & Logistics

Richmond, VA/Baltimore, MD – February 22, 2021 – Matrix Capital Markets Group, Inc. (“Matrix”), an independent investment bank, has announced the sale of ASAP Expediting & Logistics, LLC and G&H Transport, LLC (“ASAP”) to Trump Card Holdings, LLC (“TrumpCard”), a subsidiary of Magnate Worldwide, LLC and portfolio company of CIVC Partners, L.P.

Founded in 2008 by CEO Garland Hobgood, ASAP Expediting & Logistics is a third-party logistics provider specializing in expedited freight solutions for domestic and international clients. Known for a high-touch, customer-centric approach, ASAP has built a strong reputation across various sectors, including mining, construction, pulp & paper, aerospace, automotive, and food & beverage. The Company’s rapid growth and commitment to tailored logistics solutions have attracted a robust client base.

Matrix’s Consumer & Industrial Investment Banking Group, led by Managing Director David Shoulders, along with team members William O’Flaherty, John Mosser, Matt Oldhouser, and Duncan Rogers, managed the transaction. Mr. Shoulders expressed gratitude for the opportunity, noting the successful outcome achieved for the Hobgoods.

The Hobgoods remarked, “TrumpCard and ASAP share a strong cultural alignment, emphasizing that their people define who they are.” They commended Matrix for their dedication, stating, “Matrix has exceeded our expectations and has been instrumental in securing this result.”

Marco Hanlon, TrumpCard’s Executive Chairman, highlighted the compatibility between the two companies, and Dante Fornari, CEO of Magnate Worldwide, praised the “landmark partnership” formed through the transaction.

Magnate Worldwide’s portfolio includes premier logistics providers specializing in expedited domestic and international freight. TrumpCard focuses on heavyweight, mission-critical shipments within the time-sensitive logistics arena.

ASAP’s Columbia, South Carolina office will remain operational, continuing its service to the regional manufacturing corridor with support from TrumpCard’s infrastructure. Legal counsel for the transaction included Williams Mullen for ASAP and Kirkland & Ellis LLP for TrumpCard, Magnate Worldwide, and CIVC.

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