PSA agrees to acquire BDP International from Greenbriar Equity Group

Date: 2021-12-01   Author: Pankaj Singh  Category: #news

PSA agrees to acquire BDP International from Greenbriar Equity Group

PSA International Pte Ltd, a leading port group, has reportedly inked an agreement to acquire all the shares of BDP International Inc., a leading integrated supply chain and logistics solutions provider from private equity firm Greenbriar Equity Group, L.P.

The Singapore-based company has been actively partnering with its collaborators as well as customers to provide supply chain and logistics solutions beyond the port. With this acquisition, PSA will take advantage of the global expertise of BDP in end-to-end supply chain services, whereas BDP can use PSA’s network of over 60 deep sea, inland, and rail terminals worldwide along with associated businesses in warehouses, distriparks, marine, and logistics services to continue its growth.

For importers and shippers who face a volatile market as well as an increasingly complex requirements for global logistics, this will produce opportunities for sustainable and customized solutions that will help them optimize the process of the global supply chain.

According to Tan Chong Meng, the Group Chief Executive Officer of PSA International, this will be the first time that PSA will be acquiring a global transportation and integrated supply chain solutions provider with comprehensive logistics capabilities.

Meng added that BDP’s strengths will extend and complement the capabilities of PSA to offer resilient, agile, and innovative cargo solutions. Customers will benefit from the end-to-end capabilities of both the companies whilst expediting their shift towards a sustainable supply chain, added Meng.

Commenting on the partnership, Jill Raker, Greenbriar’s Managing Partner expressed that BDP witnessed significant growth and development during its collaboration with Greenbriar. Raker added that the company has extended supportve to BDP and its management team with its first outside investment and is pleased with the recognition of its success and capabilities by a top-class strategic owner like PSA.

BDP has made substantial investments in its service and technology offerings since Greenbriar’s financial assistance in December 2018.

Source credit:

https://www.globenewswire.com/news-release/2021/12/01/2343666/0/en/PSA-Inks-Agreement-to-Acquire-BDP-International-From-Greenbriar-Equity-Group.html



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Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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