Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce our client CFR Rinkens LLC, a leading freight forwarder specializing in high volume shipping of finished vehicles, has been acquired by DP World, the leading provider of worldwide end-to-end smart supply chain logistics.
CFR Rinkens provides differentiated automotive freight forwarding expertise including specialization in containerizing finished vehicles and semi-knock-downs with racking systems and logistics services for the emerging energy storage and battery life cycle industries.
DP World offers a comprehensive range of services covering every segment of the integrated supply chain. These solutions are delivered through a vast global network comprising 295 business units in 78 countries across six continents. CFR Rinkens’ specialized expertise will fortify DP World’s position as a trusted partner for automotive clients, supporting them through the industry’s transition to electric vehicles and the global evolution towards sustainable energy solutions.
“We are looking forward to joining DP World and expect substantial growth opportunities through their strong global terminal and logistics network. Our shared vision revolves around redefining customer experiences by streamlining operations and introducing innovative solutions. We are confident that integrating with DP World will empower us to expand into new markets and elevate our service offerings, ensuring unparalleled value for our clients,” said Christoph Seitz, CEO of CFR Rinkens. “Cascadia has a deep knowledge of the supply chain and logistics sector, and their expertise and guidance was very valuable in helping us complete the transaction.”
“We’re proud to have worked with CFR Rinkens in this important transaction in the automotive freight forwarding sector,” noted Firdaus Pohowalla, Cascadia Managing Director and Head of Transportation, Logistics and Supply Chain Coverage. “While supply chain transactions have slowed in 2023, differentiated companies with unique value continue to define the category and remain attractive assets for buyers.”
Cascadia is serving as the exclusive advisor to CFR Rinkens in this pending transaction.
This acquisition represents another successful transaction for Cascadia in its market leading transportation, logistics and supply chain practice. Previous client transactions include: