Following a December announcement, in which Philadelphia-based global third-party logistics (3PL) services provider BDP International changed ownership, with PSA International Pte Ltd, a global port group and partner for myriad cargo stakeholders, stating it acquired BDP from New York-based private equity firm Greenbriar Equity Group, the deal was made official earlier this week.
A purchase price was not disclosed.
BDP’s services focus on managing end-to-end movement of shipments across various segments and verticals, including: chemicals, industrial, healthcare, consumer and retail customers. BDP has more than 130 global offices, specializing in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions.
In a joint statement, the companies said that PSA and BDP will extend their logistics ecosystem with solutions that focus on supply chain orchestration and cargo flow optimization.
“In a climate where end-to-end supply chain visibility and resilience are critical, the acquisition of BDP adds strength and depth to PSA’s logistics and supply chain offerings beyond the port,” they said. “At the same time, customers of BDP will benefit from additional insights and connectivity to PSA’s global network of deep sea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.”
In December, PSA officials said that the company “has been actively collaborating with its customers and partners to offer logistics and supply chain solutions beyond the port. And it added that for shippers and importers up against a volatile market and complex global logistics requirements, PSA said that bringing BDP into the fold will create opportunities for customized and sustainable offerings geared towards optimizing global supply chain processes.
“I am pleased to welcome BDP’s over 5,000 talented employees into the PSA family,” said Tan Chong Meng, Group CEO of PSA International. “Leveraging our complementary capabilities and footprints, we envision a future that will bring out the best of both BDP and PSA, unlocking greater value for cargo owners, creating new opportunities for business growth, and enabling fresh innovations for more agile, resilient, and sustainable supply chains.”
Mike Andaloro, Chief Executive Officer and President of BDP International said that BDP is thrilled to join the PSA team.
“We look forward to co-authoring the next chapter in our combined growth story,” he said. “This transformative acquisition presents us with the unique opportunity to re-imagine supply chain solutions by combining the strengths of our asset-light solutions model with PSA’s impressive global infrastructure. We look forward to working alongside the talented team at PSA to innovate new, resilient solutions for our customers.”
Late last year, a PSA spokesperson told LM that, as for the competitive advantages this deal provides, global supply chains have increased in complexity and changed greatly, even in the last few years, resulting from certain global and structural shifts.
“For example, the rise of e-consumer power, technological changes, climate change, and other industry structural changes,” she said. “PSA aspires to co-create the shift towards sustainable trade flows, where supply chains are more agile, intelligent and resilient.”
About the Author
Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
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