H.I.G Capital confirms purchase of Cardinal Logistics

By Sean Galea-Pace
The leading global private equity investment company, H.I.G Capital, has confirmed one of its affiliates has completed the purchase of Cardinal Logistic...

The leading global private equity investment company, H.I.G Capital, has confirmed one of its affiliates has completed the purchase of Cardinal Logistics.

As a top provider of dedicated transportation and logistics services in North America, Cardinal provides fully outsourced transportation and logistics solutions to customers across diverse end markets. Cardinal’s dedicated contract carriage enables customers to lock in dedicated fleet and drivers, servicing complex route structures with scheduled pick-ups and deliveries across distribution centres, suppliers and stores.

SEE ALSO:

Richard Stokes, Managing Director at H.I.G, said: “We believe Cardinal represents a compelling opportunity to invest in transportation and logistics, especially as supply chains become more complex and locking in reliable, dedicated capacity takes on mission-critical importance. As customers continue to outsource their transportation and logistics needs, we expect Cardinal to become an increasingly important strategic partner. We look forward to working with Vin, Tom and the rest of the executive team to propel the business to new heights.”

Vin McLoughlin, Cardinal’s Chairman, commented: “Partnering with H.I.G. enables Cardinal to continue delivering excellent service while also pursuing growth opportunities with both existing and new customers.”

Cardinal's CEO Tom Hostetler added: “We are excited about Cardinal’s growth prospects and believe our clients and employees will benefit immensely from H.I.G.’s support as we embark on our next growth phase.”

Share

Featured Articles

Procurement talent 'must be retained not acquired'

Staff augmentation is a solution for onboarding new workers with the specific set of skills a company needs but these workers are outsourced, which is do

LinkedIn reacts to AWS Supply Chain: too narrow in scope?

As AWS Supply Chain's is unveiled, LinkedIn reacts to the latest tool to offer value chain visibility, with some calling for a broader feature set

S&OP planning in a state of flux, say EY & KPMG

Sales & operations planning experts from EY & KPMG say although the process is designed to allow businesses to cope with change S&OP is itself in flux

Conference Board maverick driving sustainability change

Sustainability

Automation & robotics – the future of sustainable logistics

Technology

Scoutbee & supplier.io on making headway with supplier D&I

Sustainability