Greatwide Logistics Services and Cardinal Logistics Management have completed a merger of the two companies, creating a single entity with revenues in excess of $1 billion. The two companies will manage 5,000 drivers and 125 operating locations.
Cardinal’s expertise is in high touch, final mile company truck dedicated solutions while Greatwide’s expertise is in deploying high service, flexible owner-operator based dedicated solutions. The company will offer customers highly customized, value-added irregular route truckload, less than truckload, full service freight brokerage, managed transportation, and warehousing services across the U.S. and Canada, it said.
“We are excited that this transaction creates an industry leading logistics company that is supported by a strong customer base, experienced management team, best in class company drivers and owner operators and a differentiated technology platform that enables creative, low cost solutions for our customers,” said John Tague, chairman & CEO of the company.
The combined companies are owned by Centerbridge Partners.
“We are very excited by this merger as it combines two highly complementary companies that together will be able to offer enhanced service capabilities to all of our customers,” said Will Manuel, senior managing director of Centerbridge.