Advanced Distribution (AD), is an asset‐light provider of final mile delivery services in major metro areas throughout Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Ohio, Oklahoma, Tennessee, and Wisconsin. Customers of AD include medium‐sized businesses and Fortune 500 companies.
Dicom Transportation, acquired by Wind Point in February 2014, operates three business segments: Express, Freight and Logistics. Services provided include overnight and second‐day parcel, freight transportation, freight management and last mile services throughout the US and Canada. Brand names include Dicom Express, JiT and GoJiT brands. Dicom is led by CEO Scott Dobak and is headquartered in Montreal (www.dicom.com).
“Advanced Distribution is a perfect fit for Dicom and a very exciting addition to our platform,” said Mr. Dobak. “AD complements Dicom’s network in the Northeastern US and Eastern Canada, and expands our cross border delivery capabilities to the Midwestern US.”
Alex Washington, Managing Director, and Konrad Salaber, Principal, are active in managing Dicom Transportation for Wind Point. The company continues to seek add-on acquisitions to broaden its network and Dicom’s acquisition program focuses on acquiring courier, less-than-truckload, and other transportation providers in the United States and Canada. In addition, Dicom is seeking third party logistics and brokerage providers who manage transportation, logistics and supply chain functions for businesses in Canada, the US and Mexico.
“Advanced represents our largest add‐on acquisition to date and significantly expands Dicom’s scope of service. With more than 50 facilities, 2,500 dedicated delivery providers, and well over C$400 million in annual sales, Dicom is emerging as one of North America’s leading transportation and logistics companies,” said Mr. Salaber.
Wind Point Partners invests from $20 million to $70 million of equity in companies with revenues from $100 million to $500 million and EBITDAs of at least $8 million. Industries of interest include business services, consumer products, healthcare and industrial products. The firm has approximately $2.8 billion in capital under management. Wind Point Partners was founded in 1984 and is based in Chicago (www.wppartners.com).
© 2016 Private Equity Professional • 2-12-16