Harkness Capital Partners has closed the sale of Kane Logistics to ID Logistics.
Kane is a third-party logistics company (3PL) that provides value-added warehousing and distribution services.
The Company was a portfolio company and the first platform investment by Harkness Capital in Harkness Capital Partners I (HCP I).
Based in Scranton, PA, Kane provides 3PLservices, including value-added warehousing and distribution, e-fulfillment, contract packaging, cross-docking and transportation management. Kane was founded in 1930 and was 100% family owned prior to the Harkness investment in 2019.
Stan Schrader, former Chief Commercial Officer at Kane has become the CEO of ID Logistics in the US.
