Private Equity Firm to Buy Dynamex

Logistics and delivery firm Dynamex Inc. said Greenbriar Equity Group has agreed to buy it for about $210 million.

Greenbriar, a private equity firm, will buy Dynamex for $21.25 per share, the company said Friday. Dynamex will no longer be traded publicly after the acquisition.

“A partnership with Greenbriar will provide continuity for Dynamex employees and customers as well as access to capital and other strategic resources that we can leverage to accomplish our long-term initiatives,” said James Welch, CEO of Dynamex.

Dynamex expects the transaction to close late this year or in the first quarter of 2011. Dynamex’s board of directors approved the acquisition unanimously.

Dynamex, which provides same-day delivery services, is ranked No. 61 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.