Private equity firm Wind Point Partners has invested in Dicom Transportation Group.
Montreal, Quebec-based Dicom provides transportation services, including small-parcel courier, less-than-truckload and truckload transportation services. The company's brands include Dicom Express, GojiT and JiT24.7. Terms of the deal were not disclosed.
Dicom will be led by Scott Dobak as CEO. Dobak previously was president of RoadRunner Transportations less-than-truckload and transportation management businesses.
The company will focus on acquiring transportation providers in Quebec and the U.S., as well as third party logistics providers.
Chicago-based Wind Point manages about $2.5 billion in capital. The firm picked up Argotec, which manufactures polyurethane film, in June. Wind Point, in May, combined Hearthside Food Solutions and Ryt-way Industries into one food manufacturing company.
Fifth Third Bank and Mouvement des caisses Desjardins led the financing for the deal, which also included Banque Laurentienne and BBVA Compass. Kirkland & Ellis LLP provided legal advice, and KMPG LLP acted as transaction adviser to Wind Point.