Translink is pleased to announce that Peakstone, its partner firm in the United States, served as exclusive M&A advisor to iD Commerce + Logistics (IDC) in the sale of the company to 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.
Terms of the transaction were not disclosed.