North America’s largest provider of outsourced container freight station services has acquired Dicom Transportation Group’s Extra Express division for an undisclosed amount, according to a statement from majority owner Wind Point Partners.
St. George Logistics (STG), North America’s largest provider of outsourced container freight station services, has acquired the Extra Express division (Extra) of Dicom Transportation Group, a provider of regional expedited ground transportation services in North America, said Wind Point Partners, the majority owner of both STG and Dicom.
Financial terms of the deal were not disclosed.
Extra provides comprehensive warehousing and related delivery services to blue-chip accounts throughout California, operating four warehouse facilities and maintaining access to a network of over 300 delivery vehicles.
Wind Point said STG plans to leverage Extra’s capabilities to introduce local last-mile delivery services throughout its network, which includes 32 facilities. This month, STG will launch last-mile delivery services in California, and the company is looking to establish last-mile services at other ports and inland facilities later this year.
Wind Point acquired STG in July 2016 and Dicom in February 2014.
When Dicom was first acquired by Wind Point, however, it only operated in Quebec and Ontario, Canada. Dicom has since expanded its footprint in Eastern Canada and extended its network into the eastern and midwestern United States.
Dicom generates roughly 50 percent of its sales in the eastern half of Canada, 45 percent in the eastern half of the U.S., and 5 percent in California, according to Wind Point.
“STG will add last mile as a critical component to its full line of import/export services, which was identified as a core strategic priority at the time of our acquisition of STG,” Konrad Salaber, principal with Wind Point, said of the transaction. “Dicom, meanwhile, has the opportunity to focus its resources on its core footprint, which has emerged as one of the largest regional ground transportation networks in North America.”
St. George Logistics acquires Dicom’s Extra Express division
