Ridgemont Equity-Backed Worldwide Express Said to Explore Sale

Worldwide Express, a logistics provider of parcel and freight services, is exploring a sale, according to people with knowledge of the matter.

The company, owned by private equity firm Ridgemont Equity Partners, is working with an adviser to solicit interest from potential suitors, said the people, who requested anonymity because the information isn’t public. Worldwide Express is expected to fetch $1.5 billion or more in a deal, including debt, said one of the people.

A representative for Dallas-based Worldwide Express declined to comment. Representatives for Ridgemont didn’t immediately respond to requests for comment.

Founded in 1992, Worldwide Express is ...