February, 2019. Peakstone is pleased to announce that iD Commerce + Logistics (IDC) has been acquired by Symbia Logistics, a Colorado-based warehousing, logistics and e-commerce fulfillment company.
Founded in 1998, IDC is a Chicago-based leader in third-party logistics (3PL) and e-commerce fulfillment services. Dan Arriola, who has served as CEO of IDC, will join the Symbia executive team. Arriola said, “Delivering world-class 3PL services nationwide can be a daunting task for any company on its own. That is why we’re thrilled to join forces with Symbia Logistics in a move that will help us better serve the U.S. market more effectively and efficiently. We believe that our expertise in the industries we serve will enhance Symbia’s already impressive portfolio so the company will continue to be looked upon as a leading 3PL provider.”
IDC will continue its Chicago operations under the iD Commerce + Logistics name with its current workforce. Its local leadership will remain in place to guide the organization’s operations, and they will also support Symbia in its efforts to expand the company’s e-commerce capabilities across the nation.
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Terms of the transaction were not disclosed.
For additional information please contact:
Eric Dziedzic, Managing Director, 312-346-7314, firstname.lastname@example.org
Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.