ID Logistics Acquires Kane Logistics from Harkness Capital Partners
April 14, 2022
ID Logistics has completed the acquisition of 100% of Kane Logistics from Harkness Capital Partners, creating a U.S. contract logistics platform under the ID Logistics US banner. Kane, a Scranton-based 3PL with $235 million of 2021 revenue and 20 U.S. hubs, will expand ID Logistics' U.S. footprint (pro‑forma US revenues $350 million) and the transaction was announced/closed in early 2022 (enterprise value reported at $240 million, all-cash).
- Buyers
- ID Logistics
- Targets
- Kane Logistics
- Sellers
- Harkness Capital Partners
- Industry
- Logistics & Distribution
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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