MML Capital’s Exploration Logistics merges with MEDEX

The investor acquired a minority stake in Exploration Logistics for $15m in December 2010. Since then, an additional $6m has been invested, bringing the total investment in the merged entity to $21m.

Exploration Logistics provides medical and safety services to commercial organisations, governments, institutions and humanitarian initiatives worldwide. It provides specialist remote site medical support, a range of safety support services including field specialists, driver training and mountaineering support, landmine and ordnance remediation services and medical supplies and equipment.

MEDEX Global was founded in 1977, is based in the US and provides emergency medical and security assistance and services. The company also has an insurance coverage division, aimed at travellers, expatriates and students, called MEDEX Insurance Services.

The combined business has a turnover in excess of $100m.

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• Topics
• UK / Ireland
• Support services
• Expansion
• Acquisition finance