News Article | May 26, 2017
Ashish Karandikar, Partner at Apax, added, "We are proud of our partnership with Stephan Crétier and his team as GardaWorld achieved tremendous growth both organically and by executing a disciplined M&A program. Through Stephan's leadership, GardaWorld has built the preeminent security services brand name globally, and we are proud of the success we have achieved together. We wish Stephan and Rhône Capital the best during the next phase of the company's evolution and believe GardaWorld has exceptional opportunities before it." In November 2012, a consortium formed by Mr. Crétier and a subsidiary of funds advised by Apax Partners acquired publicly listed GardaWorld for C$1.1 billion in cash, including assumed debt. The Apax Services team advises the Apax Funds regarding investments in a diverse range of businesses, from financial services to industrial and support services. The team, which is spread across Apax Partners' global office network, has advised Apax Funds on more than $3.1 billion of investments (since buyout inception). In addition to GardaWorld, past and current investments include: Quality Distribution, a leading chemical logistics business in the U.S. and Europe; Rhiag, a leading European multinational group in the distribution and sales of automotive spare parts; AssuredPartners, a leading middle market insurance brokerage in the U.S.; Azelis, a leading global distributor of specialty chemicals; Psagot, the largest asset management business in Israel; Bankrate, a leading online publisher, aggregator, and distributor of personal finance content; and, Hub International, a leading middle market insurance brokerage firm in North America. About GardaWorld GardaWorld is one of the world's largest privately owned security services providers, offering a range of highly focused business solutions including cash services, protective services and aviation services. GardaWorld's more than 62,000 highly trained, dedicated professionals serve clients throughout North America, the Middle East, Africa and Europe. GardaWorld works across a broad range of sectors, including financial services, infrastructure, natural resources and retail, and services Fortune 500 companies, governments and humanitarian relief organizations. For more information, visit www.garda.com About Apax Partners Apax Partners is a leading global private equity advisory firm. Over its more than 30-year history, Apax Partners has raised and advised funds with aggregate commitments in excess of $46 billion*. Funds advised by Apax Partners invest in companies across four global sectors of Tech and Telco, Services, Healthcare, and Consumer. These funds provide long-term equity financing to build and strengthen industry leaders. For further information about Apax Partners, please visit www.apax.com. *Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at December 2016. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/apax-funds-complete-sale-of-stake-in-garda-world-security-corporation-300464598.html
Quality Distribution | Date: 2016-08-24
Provided are non-exposure supplied fuel quantity testing device and method of a vehicle-mounted type, and more particularly, a device formed in a trunk of a vehicle without being exposed to test whether or not the ordered fuel quantity is supplied at the time of supplying fuel. Since the device is formed so as not to be exposed, it is disable to perform an artificial tampering of a lubricator, and since the device is mounted in the trunk, it is enable to measure whether or not the ordered fuel is supplied accurately at the same time as supplying fuel. The present invention relates to a testing method using the testing device.
News Article | November 15, 2016
IRVINE, Calif., Nov. 15, 2016 /PRNewswire/ -- Quality Custom Distribution (QCD,) a subsidiary of Golden State Foods (GSF), which is one of the largest diversified suppliers to the Quick Service Restaurant industry, announced today the purchase of the assets of Mile Hi Specialty Foods to...
News Article | May 11, 2015
NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Quality Distribution, Inc. (NASDAQGM:QLTY) (“Quality Distribution” or “the Company”) in connection with the sale of the Company to funds advised by Apax Partners. Click here to learn about the case: http://docs.wongesq.com/QLTY-Info-Request-Form-712. There is no cost or obligation to you. Under the terms of the transaction, Quality Distribution shareholders will receive $16.00 in cash for each share of Quality Distribution stock they own. The investigation concerns whether the Board of Quality Distribution breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Apax Partners is underpaying for Quality Distribution shares. If you own common stock in Quality Distribution and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/QLTY-Info-Request-Form-712. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
News Article | May 7, 2015
STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (Nasdaq: QLTY) relating to the proposed buyout of the Company by funds advised by Apax Partners (“Apax”), a global private equity firm, in a transaction valued at approximately $800 million. Under the terms of the transaction, Quality Distribution shareholders are anticipated to receive $16.00 in cash for each share of Quality Distribution common stock held. The transaction may undervalue Quality Distribution and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Quality Distribution stock at $18.00 per share. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. If you currently own common stock of Quality Distribution and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
News Article | May 8, 2015
NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Quality Distribution, Inc. stock prior to May 6, 2015. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Quality Distribution, Inc. (NASDAQGM:QLTY) to funds advised by Apax Partners for $16.00 per share. To learn more about the investigation and your rights, go to: or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
News Article | September 9, 2015
Digital agency, Bayshore Solutions, announce the launch of websites for Quality Distribution Inc. (QDI) and its subsidiary, Quality Carriers Inc. QDI is the largest bulk tank truck network in North America, and the parent company of the Quality family of companies, including Quality Carriers, QC Energy Resources and Boasso America. The new website for Quality Distribution can be found at http://www.QualityDistribution.com, and Quality Carriers’ new website is at http://www.QualityCarriersInc.com. QDI partnered with Bayshore Solutions to conduct a brand development and coordination across all of the companies’ digital touch points. The redesigns of the QDI family of companies’ websites address their multiple audiences in a brand-coordinated and consistent manner. The Kentico CMS platform was selected to address the multi-site and robust feature functionality required by the QDI family of websites. The first two sites to launch are Quality Distribution and Quality Carriers. Each website offers specialized content and custom tools unique to their audience. “The launch of the new websites, is part of our organization’s ongoing efforts to enhance the quality and availability of our company resources,” said Quality Carriers Vice President of IT, Cliff Dixon. “Providing quick and easy access to essential information for our customers, investors, employees and potential drivers, has been among our highest priority as we streamline our resources, to better serve all of our partnerships.” In addition to the new websites, Quality Distribution Inc. continues its partnership with Bayshore Solutions, to design websites for subsidiaries, QC Energy Resources and Boasso America. Bayshore Solutions is also serving as the organization’s digital marketing agency, managing search engine optimization, social media and a variety of digital initiatives to promote the websites, drive traffic and leads. “Bayshore Solutions is pleased to launch these first two of four QDI family company websites,” said Kevin Hourigan, President and CEO of Bayshore Solutions. “A comprehensive brand study and strategy provides the foundation for these distinct, yet unified websites. We are excited to bring continued digital expertise and execution to help the Quality Distribution family of companies grow.” Read more about the Quality Distribution family of companies’ website designs here . Explore more of Bayshore Solutions’ results focused customer websites.
News Article | May 18, 2015
NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (Nasdaq:QLTY) for potential breaches of fiduciary duties in connection with the sale of the Company to Apax Partners (“Apax”) for approximately $800 Million in an all-cash transaction. The Company’s stockholders will receive $16.00 for each share of Quality Distribution common stock they own. It is important to note that analysts have set price targets as high as $18.00 for a share of Quality Distribution. Click here for more information: www.faruqilaw.com/QLTY. There is no cost or obligation to you. The investigation focuses on whether Quality Distribution’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Quality Distribution’s shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw. If you own common stock in Quality Distribution and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/QLTY or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
News Article | May 8, 2015
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (NASDAQ GM: QLTY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by funds advised by Apax Partners ("Apax"), in a transaction valued at approximately $800 million. Click here to learn more: http://rigrodskylong.com/investigations/quality-distribution-inc-qlty. Under the terms of the agreement, public shareholders of Quality Distribution would receive $16.00 in cash for each share of Quality Distribution they own. The investigation concerns whether Quality Distribution’s board of directors failed to adequately shop the Company and obtain the best possible value for Quality Distribution’s shareholders before entering into an agreement with Apax. According to Yahoo! Finance, at least one analyst has issued a price target for Quality Distribution stock at $18.00 per share. If you own the common stock of Quality Distribution and purchased your shares before May 7, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/quality-distribution-inc-qlty. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
News Article | May 8, 2015
NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Quality Distribution, Inc. (NASDAQ:QLTY) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Quality Distribution to maximize shareholder value before agreeing to be acquired by Apax Partners. If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-604.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you. Under the terms of the proposed transaction, shareholders will receive $16.00 in cash for each share of Quality Distribution common stock they own. The proposed transaction is valued at approximately $800 million. The investigation relates to whether the proposal is fair to the public shareholders of Quality Distribution and whether Quality Distribution’s Board breached its fiduciary duties in connection with the proposed sale. If you currently own shares of Quality Distribution and wish to obtain additional information, please visit the firm’s website at http://rosenlegal.com/cases-604.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.