Announced
Completed
Financials
Tags
Private
Private Equity
United States
Majority
Cross Border
Single Bidder
contract logistics
Acquisition
Friendly
Third Party Logistics (3PL)
Completed
Synopsis
ID Logistics, a contract logistics provider, completed the acquisition of Kane Logistics, an omni-channel distribution specialist that helps brands quickly and flexibly adapt to business growth and market volatility, from Harkness Capital, a private equity firm, for $240m. "The acquisition of Kane Logistics represents a new strategic step in the history of our Group. It opens up considerable development opportunities for us, particularly with consumer goods customers. We also benefit from a great influx of talent from Kane in the form of dynamic managers who share our same values," Eric Hémar, ID Logistics Chairman and CEO.
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