Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Dicom Transportation Group, L.P.’s (Dicom) Canadian Subsidiary (Dicom Canada) to General Logistics Systems B.V. (GLS), a subsidiary of Royal Mail plc (Royal Mail). Dicom is a portfolio company of Wind Point Partners. Dicom Canada is a leading regional transportation company providing ground-based parcel, freight and logistics services in Canada with a focus on Ontario and Quebec. The transaction, led by Frank Mountcastle, Jeff Kidd and Nick Petrick of Harris Williams’ Transportation & Logistics (T&L) Group, extends the firm’s track record in the sector.
“We are proud to have represented Dicom Canada in its sale to GLS / Royal Mail,” said Frank Mountcastle, a managing director at Harris Williams. “Dicom Canada has built a unique, market leading provider of parcel and LTL delivery services within eastern Canada, and we are excited to watch the continued success of the company in its partnership with GLS / Royal Mail.”
“Dicom Canada was a unique, complex transaction involving a corporate carve-out to a European strategic buyer,” added Jeff Kidd, a director at Harris Williams. “This transaction is an excellent example of Harris Williams’ ability and expertise in successfully executing complex, global transactions on behalf of our clients.”
Dicom Canada is a transportation and logistics company headquartered in Montreal, Quebec. Dicom Canada operates three business segments: Express, Freight and Logistics. Services provided include overnight and second‐day parcel, freight transportation, freight management and last mile services in the U.S. and Canada. Dicom Canada employs approximately 1,400 people directly and uses sub-contractors across some parts of the business.