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HIG Capital acquires Cardinal Logistics

An affiliate of private equity investment firm HIG Capital has completed the acquisition of Cardinal Logistics (Cardinal), a provider of dedicated transportation and logistics services in North America.

Founded in 1997 and headquartered in Concord, NC, 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 centres, suppliers, and stores. Cardinal is able to enhance operating efficiencies and deliver exceptional service to its customer base.

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

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

“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,” says Richard Stokes, Managing Director at HIG “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.”

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