Cardinal Logistics Management, a provider of domestic transportation services, today announced that it has been acquired by Centerbridge Partners. Cardinal was a portfolio company of GTCR which acquired the company in 1997.
Cardinal is a provider of domestic transportation services including specialized equipment and handling, and integrated technology. Cardinal’s services include dedicated contract carriage, home and jobsite delivery, life sciences logistics, bulk transport, transportation management, supply chain consulting, SaaS solutions, and warehousing. Customers include AutoZone, Eastman Kodak, KraftMaid Cabinetry and Office Depot. The company is based in Concord, NC (www.cardlog.com).
“With the successful completion of this transaction, Cardinal is now better positioned than ever to serve our customers and continue our consistent long-term track record of strong, sustainable growth. The transaction also represents the start of an exciting new chapter in Cardinal’s history with the partnership and financial backing of Centerbridge, said Vin McLoughlin, Chairman of Cardinal.
Centerbridge Partners invests between $50 million and $300 million in US based leveraged buyouts and distressed securities. The firm has $20 billion of capital under management and is based in New York, NY (www.centerbridge.com).
Cardinal was advised by Kirkland & Ellis and Lazard (financial advisor). Centerbridge was advised by Latham & Watkins.
PEPD 8-7-12
