Dunham Express is Acquired by Its Management

MINNEAPOLIS--(BUSINESS WIRE)--Quazar Capital Corporation announces that their client, Passe Inc, a holding company formed by the management, has acquired Dunham Express.

“Having acquired the company as a manager myself 15 years ago, I am glad for the opportunity to sell Dunham Express to Scott. I have every confidence that he will continue to serve the company well and excel in his new role”

Dunham Express, founded in 1951, is a delivery company offering same-day and next-day distribution in Minnesota, Wisconsin, Illinois, Indiana, Iowa, and the Upper Peninsula of Michigan.

Scott Passe, new President, joined Dunham Express in 2005. Mr. Passe, formerly Dunham’s Chief Operating Officer, has over 25 years of experience working in the transportation industry.

Mark McDonald, selling majority shareholder, had been on the company's management team when he acquired Dunham in 1997.

“Having acquired the company as a manager myself 15 years ago, I am glad for the opportunity to sell Dunham Express to Scott. I have every confidence that he will continue to serve the company well and excel in his new role,” said Mr. McDonald.

Mr. McDonald remains a minority shareholder.

No further details are available.

Quazar Capital Corporation is a Minnesota-based private Investment Banking firm specializing in Merger and Acquisition (M&A) services including: Sell-Side Advisory -- Business Planning & Exit Planning -- Growth Planning & Buy-Side Advisory -- Financing & Debt Placement.