PSA COMPLETES BUYOUT OF BDP INTERNATIONAL BOOSTING ITS END-TO-END OFFERING

PSA International Pte Ltd (PSA) announced that it has completed its acquisition of 100% of the shares of BDP International, Inc. (BDP)  – a provider of global integrated supply chain, transportation, and logistics solutions – from New York-based private equity firm Greenbriar Equity Group, L.P.

 

The global port operator said this follows the receipt of formal approvals from relevant authorities required by the merger agreement, initially announced in December 2021.

 

End-to-end supply chain solution


"Together, PSA and BDP will extend their logistics ecosystem with solutions that focus on supply chain orchestration and cargo flow optimization. In a climate where end-to-end supply chain visibility and resilience are critical, the acquisition of BDP adds strength and depth to PSA's logistics and supply chain offerings beyond the port," Tan Chong Meng, Group CEO of PSA International, said.

 

The PSA chief noted that BDP customers will benefit from additional PSA's global network of deepsea, rail, and inland terminals, as well as affiliated businesses in distriparks, warehouses, and marine services. 

 

"Leveraging our complementary capabilities and footprints, we envision a future that will bring out the best of both BDP and PSA," Tan Chong Meng added.

 

Mike Andaloro, chief executive officer and president of BDP International said BDP is "thrilled" to join PSA after the buyout.

 

"This transformative acquisition presents us with the unique opportunity to re-imagine supply chain solutions by combining the strengths of our asset-light solutions model with PSA's impressive global infrastructure," Andaloro said.

 

BDP, headquartered in Philadelphia, USA is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer, and retail customers.

 

It has 133 offices worldwide and specialises in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions.

 

PSA said Credit Suisse served as sole financial advisor to PSA, while Shearman & Sterling LLP acted as legal advisor to PSA.