PSA International has agreed to acquire all the shares of privately-held BDP International, a provider of global integrated supply chain solutions, marking its first such acquisition of an end-to-end logistics company.
The transaction from New York-based private equity firm Greenbriar Equity Group is subject to formal approvals by the relevant authorities and other customary closing conditions.
Headquartered in Philadelphia, BDP manages the end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers.
With 133 offices worldwide, it specialises in the management of complex supply chains and is an industry leader in chemical and high care logistics and visibility solutions.
Tan Chong Meng, Group CEO of PSA International, said: “Customers will be able to benefit from the extensive capabilities of both BDP and PSA, while accelerating their shift towards sustainable supply chains.
“We see this as a significant and strategic step forward in our vision to co-create an Internet of Logistics and we look forward to welcoming BDP into the PSA family.”
PSA has been actively collaborating with its customers and partners to offer logistics and supply chain solutions beyond the port.
With this investment, the Singapore-based economy hopes to benefit from BDP’s global expertise in end-to-end supply chain services.
Meanwhile, BDP can leverage PSA’s network of more than 60 deep-sea, rail and inland terminals worldwide, as well as affiliated businesses in distriparks, warehouses, logistics and marine services, to continue its growth plans.
For shippers and importers who are confronted with a volatile market and increasingly complex global logistics requirements, this will create opportunities for customised and sustainable solutions that will help them optimise the international supply chain process.
Mike Andaloro, CEO and President of BDP International, said: “With the extensive capabilities of PSA and their significant market presence worldwide, we will undertake a new chapter of growth with incredible opportunities to optimise global supply chain activities for our customers.”
Since Greenbriar’s investment in December 2018, BDP has made significant investments in its technology and service offerings to provide customers with industry-leading end-to-end supply chain management across BDP’s complex global sectors.