The truckload and less-than-truckload transport company will give Montreal-based Dicom cross-border capabilities between the U.S. and Canada.
Dicom Transportation Group, a portfolio company of Wind Point Partners, has acquired the truckload and less-than-truckload transport company Modern Forwarding, according to a statement from the investment group.
The acquisition of Modern Forwarding, based in Windsor, Ontario, will give Montreal-based Dicom added cross-border capabilities between the United States and Canada. “Modern possesses expertise in customs clearance and handles U.S.-based shipments for distribution throughout Ontario on behalf of Fortune 500 customers,” Wind Point said in a statement.
The company, which has a fleet of approximately 100 drivers and owner-operators, will be absorbed into the freight division of Dicom Transportation Group.
Dicom’s acquisition program focuses on acquiring courier, LTL and transportation providers in Quebec, Ontario and the United States, according to Wind Point. The investment group said Dicom is also seeking 3PL providers that manage transportation, logistics and supply chain functions for businesses in Canada, the U.S. and Mexico.
Wind Point acquired Dicom in February 2014 in partnership with Scott Dobak, who joined as CEO. “Modern provides Dicom with cross-border capabilities and a complementary line haul network run by a team of exceptional operators,” Dobak said of the acquisition. “Modern’s cross-border expertise will serve as an important link between Dicom’s extensive Canadian footprint and our expanding U.S. network.”
“The acquisition of Modern is a key step in expanding Dicom’s scale and scope of services,” added Konrad Salaber, a principal at Wind Point. “With over CAD $250 million in annual sales, Dicom is firmly establishing itself as a leading transportation and logistics provider for North American shippers.”
Dicom Transportation Group acquires Modern Forwarding
