HIG Capital completed the acquisition of Cardinal Logistics.

Global private equity investment firm HIG Capital completed its acquisition of Cardinal Logistics, which provides fully outsourced transportation and logistics solutions to customers across diverse end markets. Financial terms were not disclosed. 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 centers, suppliers, and stores. Cardinal is able to enhance operating efficiencies and deliver exceptional service to its customer base. “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 the 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.” Richard Stokes, HIG Managing Director.