Expansion in Courier Services
USPack Logistics Completes Two Acquisitions in Nationwide Expansion
Same-Day Courier extends services portfolio and increases marketshare
December 8, 2016 08:30 ET
NEW YORK, NY – USPack Logistics (www.gouspack.com), a NewSpring Holdings portfolio company and leading same-day courier and transportation company, today announced that it has completed the strategic acquisitions of Best Courier and Delivery Services (Best Courier), and JS Logistics. These transactions extend the breadth and depth of services USPack Logistics (USPack) offers its clientele, and support the company’s continued expansion in both target regional and vertical markets nationwide.
USPack, with a unique combination of leading-edge technology, best practices and service performance, provides transportation services to ecommerce, pharmaceutical, automotive, financial services, airline, legal, and healthcare organizations whose success depends on special handling and high levels of security. USPack is the first transportation company in history to earn Security Certification by the International Supply Chain Protection Organization (ISCPO). ISCPO Compliance is a highly coveted distinction given to third-party logistics carriers that meet the intense scrutiny of the ISCPO Carrier Security Audit, a framework for collaboration between customer and service provider, to mitigate risk and provide universal controls for secure package transport.
Best Courier and JS Logistics are the seventh and eighth acquisitions for USPack, the third and fourth under NewSpring Capital, after most recently acquiring Parsippany, NJ-based Flash Courier, and Alexandria, VA-based Washington Courier in March 2016 and September 2015, respectively. With these transactions complete, USPack’s service footprint now covers 27 states utilizing more than 1,200 independent professional drivers across the country.
“These acquisitions mark the next phase in USPack’s expansion, both geographically and in vertical expertise,” said Mark Glazman, Executive Vice President of USPack Logistics. “Best Courier and JS Logistics are tenured service providers, each of which bring specialized services and highly-coveted attributes that not only reflect USPack’s commitment to customer satisfaction, but also align with our strategic roadmap for both the current environment and future growth.”
Woodridge, IL-based Best Courier brings years of ecommerce and trucking experience, and established best practices that will resonate across USPack operations.
“Consumers now expect the option of same-day delivery, which helps bridge the gap between shopping online and the ‘in-store’ retail experience,” said Brad Poulter, Best Courier and Delivery Service, also joining USPack post-transaction. “Being acquired by an industry leader like USPack bolsters our competitiveness and strengthens our position as a leader in ecommerce delivery.”
With 30 years’ experience, JS Logistics is widely regarded as a premier resource with product, storage, distribution and delivery services. The company’s state-of-the-art communications and fleet management systems will provide USPack and its clients with a greatly enhanced experience for tracking shipments in real-time.
“Joining forces with USPack Logistics expands our capabilities and provides the means with which to offer a more expansive suite of services to a wider demographic,” said John Cochran, JS Logistics who will be joining USPack post-transaction.
A recent study examining the highly competitive delivery market that caters to the rise in online shopping, showed that two-thirds (66%) of consumers have chosen a retailer based on the number of delivery options, and more than one-quarter of respondents (26%) said they use at least three parcel providers to ensure the best price and to mitigate the risk of lost packages or delayed delivery that might result from relying on a single provider.
“Same-day delivery services have become a key differentiator for brands hoping to distinguish themselves in a crowded, hyper-competitive market,” said NewSpring Holdings General Partner, Jim Ashton. “These acquisitions further USPack’s ability to capitalize on exponentially increasing demand.”
USPack, founded in 1986 by current CEO Peter Glazman, is based in New York, New York and provides custom transportation solutions for ecommerce, pharmaceutical, automotive, financial services, airline, legal, and healthcare organizations nationwide. Recognized as an innovator and service leader in the same-day transportation industry, US Pack operates in 27 states across the Eastern Seaboard, the Mid-West and the Pacific Northwest regions of the United States.
About NewSpring Holdings
NewSpring Holdings, LLC, NewSpring Capital’s dedicated buy and build strategy, focuses on control buyouts and platform builds, targeting profitable, growing companies seeking a financial partner to better assist them in achieving their goals. NewSpring Capital, based in Radnor, Pa., collectively manages more than $1.5 billion of committed capital supporting more than 110 portfolio companies across its growth equity, control buyout and mezzanine debt strategies. Combining deep operating knowledge with financial and investing expertise, NewSpring Capital provides growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful. To learn more about NewSpring Capital, please visit www.newspringcapital.com.