Here are four things to know.
1. Ridgemont purchased Dallas-based Worldwide Express from the private-equity group Quad-C Management in a deal valued between $680 million to $720 million, according to the report.
2. The Charlotte, N.C.-based private equity firm plans to merge Worldwide Express with Salt Lake City-based Unishippers Global Logistics, which it acquired in 2015.
3. The newly formed firm, Worldwide Express Global Logistics, will rank among the top 30 third-party logistics providers in the U.S. and is expected to create more than $1 billion in annual sales, reports WSJ.
4. The deal is expected to close in the first quarter of 2017.
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