Gamut Capital Management and BCI have partnered to invest in PS Logistics, aiming to enhance growth and service capabilities in the flatbed transportation sector.
Information on the Target
PS Logistics, headquartered in Birmingham, Alabama, was founded in 2004 and has rapidly established itself as the largest and fastest-growing flatbed transportation and logistics provider in the United States. The company specializes in transporting general flatbed commodities and offers a comprehensive range of services, including asset-based and non-asset-based transportation, brokerage, third-party logistics, warehousing, and managed supply chain services. With a focus on a "Driver-First" culture, PS Logistics is committed to providing exceptional service to its clients across various industries, ensuring reliability and flexibility in meeting their flatbed transportation needs.
Industry Overview in the United States
The flatbed trucking sector is a significant component of the broader transportation industry in the United States, characterized by its ability to transport oversized loads that require specialized handling. This includes machinery, construction materials, and large, bulky goods which are essential to numerous industries such as construction, manufacturing, and infrastructure development. The demand for flatbed logistics services is steadily rising, driven by ongoing projects in the construction sector and an increase in e-commerce activities.
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The U.S. transportation and logistics industry operates within a competitive landscape featuring various players, from small owner-operators to large freight companies. To differentiate themselves, companies like PS Logistics lever
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Gamut Capital Management, L.P. and British Columbia Investment Management Corporation
invested in
PS Logistics
in 2023
in a Growth Equity & Expansion Capital deal