Los Angeles, CA – FDSI Logistics, LLC (“FDSI” or the “Company”) has been acquired by Cardinal Health, Inc. (“Cardinal”) for an undisclosed purchase price. FocalPoint acted as exclusive financial advisor to FDSI.
Headquartered in Southern California, FDSI operates as a third-party logistics provider, serving customers in the healthcare, academic, and manufacturing industries around the world. FDSI has a long-standing reputation of creating customized, turnkey freight management solutions that drive significant cost reductions for its customers through a diverse range of transportation modes (e.g. LTL, TL, Parcel, Air, Ocean, etc.). The Company manages over $150 million in freight value annually, addressing the inbound and outbound logistics needs of approximately 400 hospitals.
FDSI, which will be integrated into Cardinal’s OptiFreight Logistics division, is expected to complement Cardinal’s existing presence in the logistics and distribution space.
“We are very pleased with this outcome. FocalPoint truly understood and appreciated the key value drivers of our business and custom tailored a rigorous transaction process that fit our objectives. This thoroughness was critical to helping us find the most compelling partner to help grow the business,” commented David Kolchins, President of FDSI.
Nishen Radia, Managing Partner at FocalPoint, added, “FDSI is a high-growth business with a large base of recurring revenues and unique value proposition in terms of streamlining the healthcare supply chain to drive cost out of the system. The Company had multiple transaction alternatives to consider but ultimately felt the combination with Cardinal would serve the industry the best. With a superb management team, we were proud to represent the Company in connection with this transaction. This transaction represents another successful outcome for FocalPoint in the logistics and healthcare industries.”
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $103 billion health care services company that improves the cost-effectiveness of healthcare. Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers, clinical laboratories and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the healthcare supply chain, providing pharmaceuticals and medical products and services to more than 100,000 locations each day and is also the industry-leading direct-to-home medical supplies distributor. Ranked #26 on the Fortune 500, Cardinal Health employs nearly 35,000 people worldwide. More information may be found at www.cardinalhealth.com and @CardinalHealth on Twitter.
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle-market clients throughout the U.S. Since its inception in 2002, FocalPoint has completed approximately $5 billion in transactions. For more information on FocalPoint Partners, visit focalpointllc.com