Ryder completed the acquisition of Cardinal Logistics from HIG Capital.

Ryder, a provider of supply chain, dedicated transportation, and fleet management solutions, completed the acquisition of Cardinal Logistics, a logistics provider offering fleet outsourcing, transportation management, last-mile services and integrated transportation IT solutions, from HIG Capital, a private equity firm. Financial terms were not disclosed. “We’ve come full circle, back to where we started, and that was purposeful. We chose Ryder to continue our legacy because of the company culture. We experienced firsthand Ryder’s people-first, customer-centric culture, and that had an impact on us as we built our own company,” Tom Hostetler, Cardinal CEO.