Merger & Acquisition Insights

Posted on January 20, 2021

Q&A with Todd Reiser – Excess Auto Market Discussion

Q: What are the biggest challenges for larger transportation firms in today’s excess insurance environment? A: The pricing and availability of excess insurance coverage has been drastically impacted by the large number of adverse verdicts and settlements that have impacted the transportation industry.   Prior to two or three years ago, the industry had grown accustomed […]

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Category: Articles

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Posted on January 19, 2021

Cardinal Logistics, an H.I.G. Capital Portfolio Company, Acquires NRX Logistics. Tenney Group Advises.

Stoughton, MA., Jan 19, 2021 – Cardinal Logistics (“Cardinal”), a portfolio company of H.I.G. Capital (“H.I.G.”), announced the acquisition of NRX Logistics (“NRX” or the “Company”). Founded in 1997 and headquartered in Concord, NC, Cardinal is a leading provider of dedicated transportation and logistics services in North America. Cardinal’s dedicated contract carriage (“DCC”) offering provides fully outsourced solutions […]

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Category: Press Release

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