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H.I.G. Capital Closes Acquisition of Cardinal Logistics in North Carolina, USA
Tuesday 11 June 2019

11 June 2019 - An affiliate of US-based private equity firm H.I.G. Capital has completed the acquisition of North American transportation and logistics services provider Cardinal Logistics, the firm said.
Terms of the deal were not disclosed.
Founded in 1997 and headquartered in Concord, North Carolina, Cardinal provides fully outsourced transportation and logistics solutions to customers across diverse end markets.
The company's dedicated contract carriage offering allows customers to lock in dedicated fleet and drivers, servicing complex route structures with scheduled pick-ups and deliveries across distribution centers, suppliers, and stores.
Founded in 1997 and headquartered in Concord, NC, Cardinal is a provider of dedicated transportation and logistics services in North America.
The company's dedicated contract carriage offering provides fully outsourced solutions to customers seeking to lock in dedicated fleet and drivers and ensures exceptional service.
Cardinal services complex route structures with scheduled pick-ups and deliveries across distribution centers, suppliers, and stores for ~65 customers across ~170 locations. The company's scaled, nationwide platform includes a fleet of 10,000+ tractors/trailers and 3,200+ drivers.
Details
Date Published: 11/06/2019
Target: Cardinal Logistics
Country: USA
Sector: Road Transport/Freight Transport
Type: LBO
Status: Closed
Vendor:
Buyer: H.I.G. Capital
Comment:
Terms of the deal were not disclosed

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