About the Transaction
Paramax Corporation is pleased to announce the successful sale of Aries Transportation, Inc. (“Aries”) (www.ariestransportation.com) to Beacon Mobility (www.beaconmobility.com), a portfolio company of Audax Group (“Audax”) (www.audaxgroup.com).
For nearly 40 years, Aries Transportation has been a leading provider of non-emergency medical transportation services. Under the ownership of the Glynn family and leadership of President Joseph Ieraci since 2008, the Company has grown to become a trusted leader in the industry. With a dedicated team of drivers and staff, Aries’ commitment to delivering safe, reliable, and compassionate transportation has allowed the Company to cultivate trust and have a tremendous impact within its community.
The buyer, Beacon Mobility, specializes in alternative transportation services for school districts, municipalities, and healthcare facilities, with a focus on safety, efficiency, and personalized service. Their mission-driven approach aligns seamlessly with Aries’ values and longstanding commitment to people who require specialized transportation.
Beacon’s investment in Aries enhances its geographical reach and supports its national strategy of expanding access to high-quality, purpose-driven transportation solutions. The partnership promises to preserve Aries’ legacy while equipping the team with additional resources, technology, and support to meet growing demand.
Paramax served as the exclusive M&A advisor to Aries, leveraging its deep experience in the transportation services space to deliver a successful outcome.
