Cardinal Global Logistics in Australian investment as part of Asia expansion
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics ...
Cardinal Global Logistics’ migration to an employee-ownership model gave it a route out of the debilitating worker churn plaguing the industry.
Speaking to The Loadstar on the anniversary of the decision by its directors to sell 68% of Cardinal’s stock to an employee-owned trust, CEO Brian Hay said that, despite offers from private equity, it had proved the right call for growing the business.
“In truth we got very, very close to doing a deal with ...
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