Bankruptcy Court Okays Greatwide Logistics Sale

Greatwide Logistics Services, a Dallas, Texas-based provider of third-party logistics, has received bankruptcy court approval for its acquisition by a group of its first-lien secured holders, including affiliates of Centerbridge Capital Partners and D. E. Shaw. The company had been acquired for $730 million in late 2006, by Investcorp and Hicks Holdings, while seller Fenway Partners retained a minority stake. It filed for Chapter 11 protection last October.