M&A Deal Summary

Cardinal Logistics Acquires Greatwide Logistics Services

On February 13, 2013, Cardinal Logistics acquired transportation company Greatwide Logistics Services from Stellus Capital Management

Acquisition Highlights
  • This is Cardinal Logistics’ 2nd transaction in the Transportation sector.
  • This is Cardinal Logistics’ 2nd transaction in the United States.
  • This is Cardinal Logistics’ 2nd transaction in Texas.

M&A Deal Summary

Date 2013-02-13
Target Greatwide Logistics Services
Sector Transportation
Buyer(s) Cardinal Logistics
Sellers(s) Stellus Capital Management
Deal Type Add-on Acquisition

Target

Greatwide Logistics Services

Dallas, Texas, United States
Greatwide Logistics Services is a privately held third-party logistics provider serving the United States and Canada. Greatwide offers an integrated service platform to customers including managed transportation services, dedicated, full-service brokerage, warehouse-based logistics and irregular route truckload. Greatwide is the largest provider of dedicated refrigerated transportation in the United States. The company ranks 11th among Transport Topics’ Top 50 Logistics Providers, is a Food Logistics Top 70 3PL Provider and an Inbound Logistics Top 100 Motor Carrier.

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Buyer(S) 1

Buyer

Cardinal Logistics

Concord, North Carolina, United States

Category Company
Founded 1997
Sector Transportation
DESCRIPTION

Cardinal Logistics is a third-party logistics, transportation, and supply chain solutions provider. Cardinal Logistics unique approach to outsourcing combines dedicated shipping resources with extensive industry expertise and the most advanced logistics technology to help companies maximize their supply and demand chains. Cardinal Logistics was founded in 1997 and is based in Concord, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-13 Transportation 100 Holdco

Dallas, Texas, United States

Transportation 100 Holdco LLC is a provider of third-party logistics and trucking services.

Buy -

Seller(S) 1

SELLER

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 1 of 7
Sector: Transportation M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Texas M&A 1 of 3
Country: United States M&A 1 of 7
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 Aurora Parts & Accessories

Lebanon, Indiana, United States

Aurora Parts & Accessories is a distributor of aftermarket parts and accessories for over-the-road semi-trailers. The company offers a complete line of branded and private label parts in the industry, maintaining a comprehensive inventory to serve all makes and models of trailer. Aurora Parts & Accessories is based in Lebanon, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Eos Fitness

Dallas, Texas, United States

Eos Fitness is a fitness club chain offering a full range of fitness club amenities, including cardio and strength-training equipment, personal training, group exercise, spinning, cardio theaters, women’s-only rooms, locker rooms, saunas, steam rooms, child care, and 24-hour access. Eos Fitness was formed in 1985 and is based in Dallas, Texas.

Buy -