STG buys Extra Express unit of Wind Point-owned Dicom
Dicom Transportation Group, a Canadian portfolio company of U.S. private equity firm Wind Point Partners, has sold its Extra Express division to St. George Logistics (STG), which is also majority owned by Wind Point. No financial terms were disclosed. Extra Express, a U.S. provider of warehousing and related delivery services, was bought by Dicom in 2015. STG will leverage the company's capabilities to introduce local last-mile delivery to its import-export services, Wind Point said. Montréal-based Dicom, acquired by Wind Point in 2014, is an expedited transportation and logistics company. It will focus on its "core footprint" as a result of the deal.
9 May 2017•4 mins read
