SEKO Logistics has completed its largest acquisition to-date with its investment in Paris-headquartered transportation and logistics group Bansard International, merging the complementary geographic footprints and service offerings of the two companies.
The combination will produce significant benefits and growth opportunities for the clients and employees of both companies, as SEKO Logistics embarks on the latest stage of its global expansion strategy with the support of its equity investor, Ridgemont Equity Partners.
This is SEKO’s largest strategic investment since selecting Ridgemont as its new investment partner in December 2020
Bansard International is one of the leading transportation and logistics operators in France and, since its formation in 1963, has created a thriving international business spanning 54 offices in 17 countries.
“SEKO Logistics is primed for the next stage of our global growth but, in terms of acquisitions, we select our preferred partners with great care and due diligence,” James Gagne said.
“Bansard International is a perfect fit with our own business model as a mid-sized, independent, growth and technology-driven, client-obsessed organization.
“We are excited to work with Simon and his fantastic team to drive benefits for the clients of both companies.
“There are so many positive aspects of our new collaboration. France is such an important logistics market, even more so since Brexit.
“Working with Bansard, we are making a long-term commitment to clients in France and those across the globe trading with France.
“In Europe, this new investment adds to SEKO’s strong presence in the United Kingdom, Ireland, the Netherlands and Denmark and puts us on a rapid upward trajectory.
“We are continuing to explore further investments to strengthen our global network and service portfolio.”
“This merger is a unique strategic opportunity that allows Bansard International to become a global player by covering new geographies, including the United States, and by offering our customers innovative international transport solutions, especially for e-commerce,” said Simon Pinto, President of the Bansard International Group.
“It is good news for our customers, for our employees and for our suppliers, thanks to the growth prospects through diversification of services, better international coverage and higher potential for technological development”.