WindPoint Partners, a private equity firm, announced that its portfolio company, Dicom Transportation Group, a Canadian provider of B2B expedited transportation services, has expanded into the US through the acquisition of Time Logistics Couriers.
Based in Georgia, US, Time Logistics is an asset-free provider of B2B 3PL services. Utilizing a national network of agents and 12 strategically located transfer centres, Time Logistics provides truckload and less-than-truckload transport, last mile delivery, distribution and warehousing services to customers across the US.
Wind Point acquired Dicom in February 2014, in partnership with Scott Dobak, who joined as Chief Executive Officer. “Time complements Dicom’s Canadian freight and 3PL service offerings and provides us with immediate coverage of the continental US,” said Dobak. “The acquisition will help us meet the growing demands of our customers, many of whom have significant interest in Dicom expanding its services throughout North America.”
Konrad Salaber, a principal at Wind Point added, “Completing acquisitions of complementary transportation and logistics companies is a key value driver for our investment in Dicom. Time Logistics is an extremely well-operated, high-growth platform and serves as a strong foundation for our continued expansion.”
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