M&A radar: SecurCapital eyes IPO, expect more bread-and-butter logistics deals
A re-pricing of risk has been well under way in logistics on the public markets ...
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PRESS RELEASE
SecurCapital Acquires Leading Texas Market Third-Party Logistics Provider BIG Logistics, LLC.
Los Angeles, California and Dallas, Texas – April 27, 2021 — SecurCapital Corp., an expanding investment firm that specializes in partnering with mid-tier supply chain and financial services providers, today announced the acquisition of BIG Logistics, LLC, a privately-owned, leading Third-Party Logistics (“3PL”) provider with warehouse locations in four distribution and gateway strategic cities.
In addition, to their pharmaceutical licensed temperature- controlled warehousing, fulfillment, transload, and e- commerce services, the 3PL offers both international and domestic air, ocean, ground transport, customs brokerage and project cargo. The acquired 3PL business assets will be operated as a SCC portfolio company and logistics platform and will continue to conduct business as BIG Logistics, LLC.
SecurCapital, through a series of strategic acquisitions partnering with our investors to increase the company’s investment portfolio, provides end-to-end supply chain and financial services to a diverse range of businesses within domestic and international markets.
Steve Russell, CEO, SecurCapital, said: “We’re excited to have a high-quality infrastructure logistics platform company for key strategic initiatives and to support our Fortune 500 clients and active domestic and international agent networks. There is a tremendous team of experienced professionals in place under the leadership of highly respected industry veteran CEO Vinod Baliga that will allow us to quickly implement new customer contracts to grow revenue, pursue targeted acquisitions and expand organically through the opening of new stations. BIG’s CEIV pharmaceutical accreditation and in-development web and smartphone Smart Pharma Chain application addresses many of the supply chain issues we are all facing today with COVID-19 and continued supply chain challenges.”
To read the full release, please click here.
Our previous coverage is here: “SecurCapital eyes IPO, expected more bread-and-butter logistics deals“.
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