We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » French 3PL ID Logistics grows U.S. footprint with acquisition of Kane Logistics

French 3PL ID Logistics grows U.S. footprint with acquisition of Kane Logistics

Deal adds American client base, management team, and 6 million square feet of DC space.

kane Screen Shot 2022-02-17 at 11.57.52 AM.png
February 17, 2022
Ben Ames
No Comments

French contract logistics provider ID Logistics is continuing to grow through acquisition, announcing Wednesday that it has agreed to buy the American third party logistics provider (3PL) Kane Logistics.

Terms of the deal were not disclosed, but Scranton, Pennsylvania-based Kane had revenues of $235 million in 2021 and was held by Harkness Capital Partners, which had bought an ownership stake in the company in 2019.

Kane operates 6 million square feet of both dedicated distribution centers (single client) and shared distribution centers (multiple clients) spanning all regions of the U.S. According to the firm, the Kane management team has been asked to stay in place after the transaction closes, with Chief Commercial Officer Stan Schrader being elevated to CEO of ID Logistics, US, reporting to Christophe Satin, chief operating officer, director, and investor in ID Logistics.

By taking over that network, ID Logistics said it will expand its presence in the U.S. with 20 new locations, a new portfolio of customers, and experienced management.

The move follows a recent string of acquisitions by the Orgon, France-based company, according to ID Logistics Chairman and CEO Eric Hémar. “The acquisition of Kane Logistics represents one of the most important external growth operations in the history of the company,” Hémar said in a release. “After starting in 2001 with a few large retail customers that we were able to quickly support internationally, the company shifted to e-commerce and retail preparation in 2013 with the acquisition of CEPL. It then strengthened its presence in Europe with the recent acquisition of GVT in Benelux.”

ID Logistics recently bought the French last mile delivery specialist Colisweb in 2022. Before that, it bought GVT Transport & Logistics in 2021, gaining 12 sites, more than 750 employees, 2.1 million square feet of warehouse space, and a fleet of 285 trucks throughout the Netherlands and Belgium. And in 2019, it bought the Florida-based e-commerce logistics provider Jagged Peak for $15 million. 

Overall, ID Logistics today has revenue of $2.2 billion for fiscal 2021, and manages 350 sites across 17 countries, representing nearly 75 million square feet of warehousing facilities in Europe, America, Asia and Africa, with 25,000 employees.

Kane Logistics enters into agreement to be acquired by ID Logisticshttps://t.co/jTegWywbCt

— Kane Logistics (@kanelogistics) February 14, 2022
Trucking Warehousing
KEYWORDS ID Logistics Kane Logistics
  • Related Articles

    Elemica Expands Logistics Footprint with Acquisition of Eyefreight Transportation Management

    Geodis expands its 3PL reach in the U.S. with acquisition

    3PL Radiant Logistics boosts international growth with $35 million acquisition

Ben Ames is Editor at Large and a Senior Editor at Supply Chain Quarterly?s sister publication, DC Velocity.

Recent Articles by Ben Ames

Hundreds of shipping containers burn at Turkish port after earthquake

ATA gains chassis freedom in legal win over ocean carriers

Energy prices to stay high in the near term, SGS Maine Pointe says

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing