The global port and terminal operator PSA International has signed an agreement to completely acquire the shares of the privately-held BDP International, from New York-based private equity firm Greenbriar Equity Group (Greenbriar).
The transaction is subject to formal approvals by the relevant authorities and
other customary closing conditions.
The Philadelphia-based BDP is a global, integrated supply chain, transportation and logistics solutions provider with 133 offices worldwide, managing the end-to-end movement of shipments that cover a range of segments such as chemicals, industrial, healthcare, consumer and retail customers.
PSA anticipates that it will benefit from BDP’s expertise that is projected to leverage its network of more than 60 deepsea, rail and inland terminals worldwide, as well as affiliated businesses in distriparks, warehouses, logistics and marine services.
For shippers and importers who are confronted with a volatile market and increasingly complex global logistics requirements, this acquisition is expected to create opportunities for customised and sustainable solutions that will help them optimise the international supply chain process.
Tan Chong Meng, Group CEO of PSA International, stated that this is the first time that the world’s largest port operating company acquires a global integrated supply chain and transportation solutions provider with end-to-end logistics capabilities.
Commenting on the acquisition, he noted that BDP will complement and extend PSA’s capabilities to provide agile, resilient and innovative cargo solutions, while customers will be able to accelerate their shift towards sustainable supply chains.
Furthermore, Chief Executive Officer and President of BDP International, Mike Andaloro 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.”
