Greenbriar Equity Group has made an investment in BDP International, a provider of logistics and transportation services.
BDP International is a lead logistics provider (LLP) of ocean, air and ground transportation; export freight forwarding; import customs clearance and regulatory compliance; warehousing, consolidation and distribution; and online shipping transaction/tracking management. The company has more than 4,000 customers worldwide that are active in the chemical, life sciences & healthcare, retail & consumer, industrial & manufacturing, and oil & gas sectors.
BDP was founded in 1966 as the R.J. Bolte Company by Richard J. Bolte, Sr. Through a series of mergers, the company became BDP International in 1972. Today, the Philadelphia-based company operates through 148 owned offices in 34 countries across the globe and has more than 5,000 employees (www.bdpinternational.com).
“Greenbriar has a long-standing focus in the logistics sector and understands our business, strategy, and culture,” said Richard Bolte, Jr., chairman and CEO of BDP. “This partnership will enable our team to pursue new organic initiatives, acquisitions, and investments that provide our customers with additional solutions to better manage their supply chains. I am thrilled to continue as CEO and am delighted that our executive leadership team will remain fully intact. We look forward to collaborating with Greenbriar and are excited about the possibilities our new partnership will generate.”
Greenbriar invests from $75 million to $150 million of equity per transaction in services and manufacturing businesses that have enterprise from $100 million to $1 billion. Sectors of specific interest include logistics, aerospace and defense, industrial and business services, transportation, and specialty manufacturing.
“We first sought out BDP 15 years ago and introduced ourselves because of its outstanding reputation as a customer-focused, global logistics provider with a highly talented team,” said Jill Raker, a managing partner at Greenbriar. “We’ve had the pleasure to get to know the business and team in depth over the last number of years and are thrilled for the opportunity to partner with them and to invest in BDP’s future growth.”
Greenbriar is investing from its third fund, Greenbriar Equity Fund III LP, which closed in June 2014 with $1.1 billion of committed capital. The firm was founded in 1999 and is based in Rye, NY (www.greenbriarequity.com).
© 2018 Private Equity Professional | December 7, 2018