Wind Point Partners announced that portfolio company Dicom Transportation Group, a provider of business-to-business expedited transportation services based in Montreal, QC, has expanded into the United States through the acquisition of Time Logistics Couriers, LLC.
Based in Norcross, Georgia, Time Logistics is an asset-free provider of B2B 3PL services. Utilising a broad national network of agents and 12 strategically located transfer centres, Time provides truckload and less-than-truckload transport, last mile delivery, distribution, and warehousing services to an array of blue-chip customers across the US.
Wind Point acquired Dicom in February 2014, in partnership with Scott Dobak, who joined as CEO.
“Time complements Dicom’s Canadian freight and 3PL service offerings extremely well 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 all of 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 is an extremely well-operated, high-growth platform and serves as a strong foundation for our continued expansion.”
Dicom’s acquisition programme focuses on acquiring courier, LTL and transportation providers in Quebec, Ontario and the United States. In addition, Dicom is seeking 3PL providers who manage transportation, logistics and supply chain functions for businesses in Canada, the US and Mexico.