Greatwide Logistics and Cardinal Logistics Complete Merger, Creating an Industry Leading Dedicated Contract Carriage and Diversified Logistics Services Provider

Wed Feb 13, 2013 9:58am EST

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CONCORD, N.C., Feb. 13, 2013 /PRNewswire/ -- Greatwide Logistics Services, LLC
("Greatwide") and Cardinal Logistics Management, Inc. ("Cardinal") today
announced the successful completion of a merger of the two companies, creating a
market leading logistics organization offering a broad service platform with
annual revenues in excess of  $1 billion.  

(Logo:  )

The combined company's dedicated contract carriage and delivery division will
have one of the largest, most diverse dedicated fleet operations in the country
and will be uniquely positioned to provide industry leading capabilities for its
customers with over  $850M  in annual revenue, 5,000 drivers, 125 operating
locations and demonstrated expertise across multiple industries, including
grocery, bulk food, retail, metals and building products. The combination of
Cardinal's expertise in high touch, final mile company truck dedicated solutions
with Greatwide's expertise deploying high service, flexible owner operator based
dedicated solutions will create a compelling customer value proposition. In
addition, the combined company will continue to offer customers highly
customized, value-added irregular route truckload, less than truckload, full
service freight brokerage, managed transportation, and warehousing services
across the U.S. and  Canada.  

John Tague, Chairman and CEO of the combined company, said, "We are excited that
this transaction creates an industry leading logistics company that is supported
by a strong customer base, experienced management team, best in class company
drivers and owner operators and a differentiated technology platform that
enables creative, low cost solutions for our customers."  

Vin McLoughlin, the newly appointed Vice Chairman of the combined company, said,
"Combining the strengths of Greatwide and Cardinal puts us in an excellent
position to serve our customers and continue both companies' history of
providing industry-leading service."

Will Manuel, Senior Managing Director of Centerbridge Partners, L.P.
("Centerbridge"), a leading investment firm and majority owner of the combined
enterprise, commented, "We are very excited by this merger as it combines two
highly complementary companies that together will be able to offer enhanced
service capabilities to all of our customers."

About Greatwide
Greatwide Logistics Services is a  Dallas, TX, based privately held third-party
logistics provider serving  the United States  and  Canada. Greatwide offers an
integrated service platform to customers including dedicated, irregular route
truckload, less than truckload services, full-service truckload brokerage,
warehouse-based logistics and managed transportation services. Greatwide is the
largest for hire provider of dedicated refrigerated transportation in  the
United States.  

About Cardinal
Headquartered in  Concord, NC, Cardinal Logistics Management is one of the
country's leading dedicated transportation solution providers. Cardinal's
logistics experts work directly with clients to optimize their supply chains by
developing and implementing customized transportation solutions including
specialized equipment and handling, and integrated technology. Cardinal's
services include dedicated contract carriage, home and jobsite delivery, life
sciences logistics, bulk transport, transportation management, supply chain
consulting, SaaS solutions, warehousing and distribution.

About Centerbridge
Centerbridge Partners, L.P. is a private investment firm headquartered in  New
York City  with approximately  $20 billion  in capital under management. The
firm focuses on private equity and credit investments. The firm is dedicated to
partnering with world-class management teams across targeted industry sectors to
help companies achieve their operating and financial objectives.

 Contact:  Amanda Pelfrey                             
           Cardinal Logistics Management Corporation  
           1000 Old Roswell Lakes Parkway, Suite 300  
           Roswell, GA 30076                          
           Senior Marketing Manager                   
           (770) 993-5662 ext. 32                     

SOURCE  Cardinal Logistics Management Corporation

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