Wind Point’s Dicom closes fourth buy in 2015 with Courier Express deal

Dicom Transportation Group, a Canadian transportation and logistics business, has acquired the Courier Express Enterprises group of companies, a U.S. provider of business-to-business last-mile delivery services. The deal, the value of which was not released, will give Dicom additional last-mile capabilities in the Eastern United States, the company said. The Courier Express acquisition is Dicom’s fourth so far this year. Previously, it bought Extra Express, Modern Forwarding and Orbis Logistics. Based in Montréal, the company has been backed by U.S. private equity firm Wind Point Partners since February 2014.

PRESS RELEASE

Dicom Transportation Group Acquires Courier Express Enterprises

Dicom establishes final mile presence in the Eastern United States

Wind Point Partners (“Wind Point”) announced today that portfolio company Dicom Transportation Group, a leading provider of business-to-business (“B2B”) expedited transportation services based in Montreal, QC, has added last mile capabilities in the Eastern United States through the acquisition of the Courier Express Enterprises group of companies.

Courier Express Enterprises (“CXP”) is an asset-free provider of B2B last mile services. CXP utilizes a vast network of over 1,000 dedicated delivery providers to handle customer shipments in a 10-state service area that ranges from Maine to Virginia. CXP was founded in 1999 by Michael Williams, who has grown the company into one of the East Coast’s premier providers of last mile logistics solutions. CXP will be aligned with the Express division of Dicom Transportation Group.

Wind Point acquired Dicom in February 2014 in partnership with Scott Dobak, who joined as CEO. Prior to joining Dicom, Scott served as President of RoadRunner Transportation’s LTL and TMS segments, representing a $775 million P&L.

“We are very excited to establish Dicom’s last mile presence on the East Coast with the acquisition of CXP,” said Dobak. “CXP immediately adds a network of over 1,000 dedicated delivery providers to our U.S. platform and will allow us to continue to expand the breadth and scope of services we provide to our customers.”

Konrad Salaber, a principal at Wind Point, added, “The acquisition of CXP more than doubles our dedicated last mile carrier base in the U.S. and provides Dicom with substantial scale in a very attractive region of the U.S. Moreover, CXP is an important complement to our recent acquisitions in the Midwest, West Coast, and Southern U.S. and underscores Dicom’s continuing emergence as a continental logistics services provider.”

Dicom’s acquisition program 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 U.S. and Mexico.

Kirkland & Ellis LLP served as legal advisor and KPMG LLP acted as transaction advisor to Wind Point and Dicom.

About Wind Point Partners
Wind Point Partners is a private equity investment firm that partners with top caliber CEOs to acquire middle market businesses where they can establish a clear path to value creation. Since its founding in 1984, Wind Point has raised over $2.8 billion in commitments. Additional information about Wind Point is available at www.windpointpartners.com.

About Dicom Transportation Group
Dicom is a transportation and logistics company headquartered in Montreal, Quebec, with offices throughout the U.S. and Canada. Dicom operates three business segments: Express, Freight, and Logistics. Services provided include overnight and second-day parcel, freight transportation, freight management, and last mile services throughout the U.S. and Canada.

Katie Gaughan
Marketing Associate
WIND POINT PARTNERS
email kpg@wppartners.com direct 312.255.4842
main 312.255.4800 fax 312.255.4820
676 N. Michigan Ave. Suite 3700 · Chicago, IL 60611
www.wppartners.com

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