DC Velocity - March 2013

newsworthy
Greatwide Logistics, Cardinal Logistics to merge

Greatwide Logistics Services LLC and Cardinal Logistics Management Corp. are merging to create a $1 billion-a-year logistics entity and a major player in the dedicated contract carriage segment of U.S. trucking.

Under the transaction, Dallas-based Greatwide’s dedicated trucking operations, which make up the largest share of its business, will be merged into Concord, N.C.-based Cardinal. Three other Greatwide units will operate on a stand-alone basis.

The merger combines Greatwide’s capabilities in supporting longer-haul, large-fleet requirements with Cardinal’s niche in “last-mile delivery,” defined as transport from the distribution center to the retail store, from the store to the customer or, in some cases, direct to the customer.

Under the new management structure, John Tague, who joined Greatwide as CEO in 2011 after serving as president of United Airlines, will be chairman and CEO. Vin McLoughlin, who co-founded Cardinal in 1997 as a trucking company, will be vice chairman.

Centerbridge Partners LP, a New York-based private equi-
ty firm, will be the majority owner of the combined enter-
prise. Centerbridge along with investment firm D.E. Shaw
Group acquired Greatwide in February 2009; Centerbridge
also has an investment in Cardinal.

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