Acquisition of Total Quality, Inc.
Washington, D.C., March 2008 — Thayer | Hidden Creek announced its investment in Total Quality, Inc. (“TQI”). TQI is a niche asset-light transportation services company focused primarily on cold chain transportation and logistics for the highly profitable and rapidly growing life sciences sector (comprised principally of pharmaceutical and biotechnology companies). In addition, TQI provides brokerage and 3PL services to customers in a variety of end markets. TQI has established itself as a best-in-class provider by focusing on providing the most secure, reliable, sophisticated temperature-controlled transportation solution available to transport highly-valuable, temperature-sensitive products.
TQI’s management team brings an average of over 25 years of industry experience which includes senior leadership positions at FedEx Customer Critical, Central Transport, and FedEx Caribbean Transportation Services prior to their involvement with TQI.