Vardis Proud To Support Platinum Equity & MXD Group In Appointing Terry Solvedt As Chief Executive Officer
Terry Solvedt joined MXD Group as CEO in February, 2015. Prior to joining MXD, Terry was President of Transportation Logistics Services at Jacobson Companies. Previously, he held various P&L roles at Roadlink USA, Ruan Leasing, and Ryder.
Terry also served as a board member and industry advisor for Landes Transportation, a Huron Capital portfolio company. Terry is a graduate of Penn State University with a Bachelor of Science in Business Administration.
MXD Group specializes in final mile delivery logistics solutions for North American retail brands across the consumer electronics, furniture and appliances segments. The business coordinates and executes approximately 2.3 million non-conveyable product deliveries annually utilizing a nationwide network of professionally managed and certified independent contractors and agents. MXD Group, previously Exel Direct, was acquired by Platinum Equity from Exel, Inc in May, 2013.
Platinum Equity is a global M&A&O firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution.