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PRESS RELEASE:
JURUPA VALLEY, Calif.–(BUSINESS WIRE)–Bonsai Capital (“Bonsai”), a firm backed by a prominent group of family offices, announced today the acquisition of DC Logistics, a Third-Party Logistics (3PL) business based in the Inland Empire and focused on Less-than-Truckload (“LTL”), warehousing, and inventory management. With a search that began in March 2020, Bonsai Capital specifically sought out a stable, profitable company with potential for operational efficiencies and institutionalization targeting the growing transportation, warehouse, and logistics industry before selecting DC Logistics.
In 2021, 3PL was a $232 billion industry in the U.S., according to market research firm Armstrong & Associates, Inc. The LTL component is a critical segment of the logistics sector, as shippers are moving more and smaller palletize shipments to locations closer to the final fulfillment point for e-commerce customers.
Founded by Robert, Jr., Andrew, and Edward Pier in 2006 and headquartered in Jurupa Valley, CA, DC Logistics has an extensive profile of services readily available that include warehousing and distribution, full truckloads, less-than-truckloads, custom invoicing and auditing, optimization and engineering solutions, as well as packaging and shipping supplies. The company has over 200 employees, including 84 drivers, a fleet of 130 trucks, five rail spurs, and 10 distribution facilities that currently occupy 600,000 square feet with the ability to flex up to 1,000,000 square feet of space available for warehousing, distribution, and supply chain management needs.
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