M&A Deal Summary

ID Logistics Group Acquires Kane Logistics

On February 14, 2022, ID Logistics Group acquired transportation company Kane Logistics from Harkness Capital Partners for 240M USD

Acquisition Highlights
  • This is ID Logistics Group’s 3rd transaction in the Transportation sector.
  • This is ID Logistics Group’s largest (disclosed) transaction.
  • This is ID Logistics Group’s 2nd transaction in the United States.
  • This is ID Logistics Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-02-14
Target Kane Logistics
Sector Transportation
Buyer(s) ID Logistics Group
Sellers(s) Harkness Capital Partners
Deal Type Add-on Acquisition
Deal Value 240M USD

Target

Kane Logistics

Scranton, Pennsylvania, United States
website
Kane Logistics is a provider of logistics solutions which includes warehousing and distribution, transportation capabilities, contract packaging, and cross docking. Kane Logistics was founded in 1930 and is based in Scranton, Pennsylvania.

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Buyer(S) 1

Buyer

ID Logistics Group

Orgon, France

website

Category Company
Founded 2001
Sector Transportation
Employees30,000
Revenue 1.9B EUR (2021)
DESCRIPTION

ID Logistics Group is a provider of logistic services in france. ID Logistics Group was founded in 2001 and is based in Orgon, France.

DEAL STATS #
Overall 6 of 7
Sector (Transportation) 3 of 4
Type (Add-on Acquisition) 5 of 6
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Colisweb

Lille, France

Colisweb is the specialist in last-mile delivery by appointment on D or D+1, from stores and warehouses. It combines strong technical expertise and a network of 1,500 local delivery drivers, to achieve more than 750,000 deliveries in 2021. Colisweb was formed in 2013 and is based in Lille, France.

Buy €24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Spedimex

Stryków, Poland

Spedimex is a Polish logistics operator, providing solutions for supply chain management. The company manages the logistics of customers comprehensively: from goods receipt, additional operations, preparation for shipment, and delivery up to handling of returns. It offers solutions in contract logistics, warehousing, and domestic and international forwarding. Spedimex was formed in 1993 and is based in Strykow, Poland.

Buy -

Seller(S) 1

SELLER

Harkness Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Harkness Capital Partners is a private investment group focused on investing its own capital and resources to support the growth of lower middle-market companies in the manufacturing and services sectors. Harkness Capital Partners was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Homestyle Direct

Twin Falls, Idaho, United States

Homestyle Direct is a provider of in-home meal delivery to individuals primarily particiapting in Medicad and expanding to other adjacent market. The company focused on impacting customers life by providing nutritions meals with quality customer care. Homestyle Direct was formed in 1997 and is based in Twin Falls, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Best Roofing

Ft. Lauderdale, Florida, United States

Best Roofing is a full-service commercial roofer providing re-roofing/replacement, maintenance and repair, water proofing, and roof restoration focused on complex opportunities and providing key value-added services. Best Roofing is based in Ft. Lauderdale, Flordia.

Buy -
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