St. George Logistics (“STG”), North America´s provider of specialty 3PL and transportation services critical to the global supply chain and operating over 30 facilities across the US, has expanded its position in outsourced import/export services through the acquisition of Channel Distribution Corp. (“CDC”), the company said.
CDC´s management, led by Founder Joe Tamari and Partner Alan Muir, will both continue with the business and will join STG as shareholders and senior members of its executive management team.
Based in Bensenville, Illinois, CDC is the provider of ocean and air CFS solutions, Centralized Examination Station (“CES”) services, and General Order (“GO”) warehousing in the Chicago area. CDC also provides value-added warehousing, distribution, final mile delivery and other transportation solutions to its diverse base of clients. Founded in 1985, CDC operates out of three state-of-the-art facilities strategically located near O´Hare International Airport.
Wind Point is an active investor in transportation, logistics and route-based businesses with previous investments including Dicom Transportation Group, Valicor Environmental, RailWorks Corporation and AIR- serv Group.
Financing for the transaction was provided by Antares Capital, LStar Capital and Newstar Financial. Kirkland & Ellis represented Wind Point as legal counsel. KPMG provided transaction advisory services on the transaction.
STG is an asset-light provider of complex and highly customized logistics and transportation services focused on the global supply chain. The company´s comprehensive suite of services includes value-added contract services and specialized warehousing including container freight management, inventory management, distribution, and e-commerce fulfillment as well as multi-modal ground transportation. For more information, visit www.stgusa.com.
CDC has been serving the needs of the Chicago land transportation community since 1985. The company operates a full service warehouse and distribution center in Bensenville, Illinois, adjacent O´Hare International Airport. CDC handles international import and export ocean cargo, international air import freight, and domestic distribution logistics. For more information, visit www.channeldc.com.
Wind Point Partners is a Chicago-based private equity investment firm with over USD 2.3 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. For more information, visit www.windpointpartners.com.