Junk Forward Air – behind the scenes, STG to the rescue?
It never rains…
By Sam Whelan
Global port operator PSA has snapped-up US freight forwarder BDP International, its first foray into logistics, it announced yesterday.
The Singapore-based terminal operator is to acquire all BDP’s shares from Greenbriar Equity Group for an undisclosed sum.
The private equity firm invested in Philadelphia-based BDP in December 2018, and was rumoured to be shopping around for a buyer as early as March of this year, according to Loadstar Premium, which estimated the sale price at around $1.5bn.
BDP specialises in chemicals, industrial, healthcare, consumer ...
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