BDP International says company is not for sale

While a Reuters report indicated that global third-party logistics (3PL) services provider BDP International was in talks to with private equity firms to make the company available to be sold, BDP stated that is not the case.

By ·

While a Reuters report indicated that global third-party logistics (3PL) services provider BDP International was in talks to with private equity firms to make the company available to be sold, BDP stated that is not the case.

An April 5 Reuters report cited an unnamed source as saying BDP is being advised by boutique investment firm Republic Partners, and another source said the company could command roughly $500 million if it was sold.

Originally established as R.J. Bolte Company in 1966 as a freight forwarder, the company became incorporated as BDP International Inc. in 1972. BBP has a network of wholly-owned operations, joint ventures and affiliates in more than 120 countries, including more than 115 offices across the world, according to its corporate Web site. The company’s 2011 gross sales totaled approximately US$1.6 billion in 2011, according to company officials. BDP has about 3,300 employees.

BDP provides myriad logistics and transportation services for shippers across many industries, including chemicals, oil and gas, and healthcare, among others. These services are comprised of air, ocean, and ground transportation; freight forwarding; Customs clearance; and warehousing and distribution, among others.

“BDP is not for sale,” said Arnie Bornstein, BDP International executive director of corporate communications, in an e-mail interview. “Our ownership, the Bolte family, believes in the Company’s future, sees strong upside potential and is exploring opportunities with private investors, to raise capital that will enable BDP to have added flexibility to build on its technology, expand global presence and help our customers grow. “ 

Bornstein added that the infusion of capital through outside investment is a normal course of activity for privately owned companies.

And he also said that BDP is in the most favorable position in its 45-year history, out-performing its industry and financial markets over much of the past decade. BDP will continue to be owned and operated by the Bolte family and its incumbent management team, he said.

While Bornstein was firm in stating that BDP is not for sale, Evan Armstrong, president of Armstrong & Associates told LM that privately-held BDP is exploring its options.

“This may not mean a complete sale, but maybe a private equity investment,” said Armstrong. “It is a way for the Bolte family to take some built up equity out.”


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

3PL · BDP International · All Topics
Latest Whitepaper
Six Ways Cloud ERP Supports Rapid Innovation
Kenandy is a new approach to ERP that lets you and your team focus on driving innovation, creating new product lines, and expanding your customer base even as you improve your business operations.
Download Today!
From the November 2016 Issue
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL) provider that could successfully combine transportation services and technology capabilities under one roof.
Warehouse & DC Operations Survey: Ready to confront complexity
2016 Quest for Quality Awards Dinner
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Best Practices: How to Efficiently Leverage APIs to Increase Your Net Income
Both legacy and modern technology leaders agree that leveraging API connectivity is critical in keeping up with the pace of a world that demands not only speed and agility, but also a deep level of visibility. During this session a panel of technology and industry experts discuss impact APIs can have on annual net income and market capitalization.
Register Today!
EDITORS' PICKS
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...

Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...