We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Kane Is Able Announces Investment by Harkness Capital Partners
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Kane Is Able Announces Investment by Harkness Capital Partners

March 14, 2019
No Comments

Third-party logistics provider Kane Is Able, Inc. announced today that affiliates of Harkness Capital Partners have agreed to make an investment into the company in support of KANE's growth strategy of expanding its services and national presence.

"Operationally, 2018 was an outstanding year," said Michael Gardner, President and CEO of Kane Is Able. "We doubled our network presence in Atlanta, Allentown, PA, and southern California, opened new locations, booked record sales in 2018, and increased our transportation capabilities by 30%. All of this takes resources and expertise. The Harkness investment will enable KANE to continue to grow its services and market presence. Harkness Capital is the perfect fit to assist us in achieving our goals of exceptional logistics delivered by our dependable and dedicated associates. Besides providing the capital we need to accelerate our growth, they bring decades of operating experience and proven investment success in the logistics industry."

"The Kane family is delighted to welcome Harkness Capital Partners as fellow owners of the business," said Dick Kane, former CEO and returning board member. "Their investment allows us to preserve the family culture at Kane Is Able and expand our best-in-the-industry service levels. As we approach our 90th year in business, we're excited to have Harkness as our partner."

"Harkness Capital is honored and excited to team with the Kane family and the Kane Is Able team to support the next chapter of growth in this leading logistics company," said Ted Dardani, Partner at Harkness Capital.

The transaction closed on March 13, 2019. Michael Gardner will continue as the President and CEO and the company's name will remain as Kane Is Able. The team of 1,100 associates will remain dedicated to outstanding customer service.

The terms of the transaction are confidential.

Republic Partners served as advisors to Kane Is Able on this transaction.

About Kane Is Able
Kane Is Able is a third-party logistics provider that helps manufacturers and their retail partners efficiently and effectively distribute goods throughout the United States. KANE's value-added logistics services include nationwide warehousing and distribution, fulfillment, cross docking, and transportation solutions. Our belief in YOUgisticsTM means you have a logistics partner that keeps its promises.

About Harkness Capital Partners
Harkness Capital Partners is a private equity investment firm focused on supporting the growth of service-oriented companies. Third-party logistics is one of its priority areas for investment. Founded in 2014, Harkness Capital invests its capital and resources to support the growth of high-quality, lower middle market companies. Harkness Capital is dedicated to long-term value creation and working in partnership with talented managers seeking to grow their businesses. Harkness Capital utilizes its team of experienced operators and investors to help management teams build their operations and market presence. For more information, please visit http://www.harknesscapital.com or contact Ian Handsman, Vice President, Harkness Capital Partners, at (212) 514-0023.

More Info: http://www.prweb.com/releases/kane_is_able_announces_investment_by_harkness_capital_partners/prweb16166938.htm

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Mike Gardner of Kane Is Able, Chosen by Pelotonia to Receive Fearless Fundraiser Award for 2016

    Kane Is Able Named 3PL Partner of the Year by Retailer Sam's Club

    Nonantum Capital Partners Announces Investment in RoadOne IntermodaLogistics

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Relaxed regulations for drone parcel delivery to take effect in March

  • IBM survey says digitalization trends will sweep trucking industry by 2030

  • Gartner survey signals increased investment in resilience over the next two years

  • Increasing Urgency for Vaccine Supplies Drives Launch of New Vaccine Manufacturing Resources on Thomasnet.com

  • What Level of Automation is Right for Your Warehouse?

Now Playing on DCV-TV

Ef7899d1 1c83 487b 9291 8af692931c96

myQ Dock Management

DCV-TV 4: Viewer Contributed
Introducing myQ Dock Management. Connect your loading dock equipment and iDock Controls from Poweramp, McGuire, or DLM to the cloud and view your loading activity online with myQ Dock Management.Facilities with myQ can monitor the real-time status of their docks and be proactive in improving efficiency and safety. ...

FEATURED WHITE PAPERS

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing