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Deal gives avenue for investment firm to expand pharma distribution reach
SecurCapital Corp., an investment firm that specializes in partnering with mid-tier supply chain and financial services providers, has acquired BIG Logistics, LLC, a third-party logistics (3PL) provider.
Among its various offerings, the Texas-based 3PL provides pharmaceutical-licensed, temperature-controlled warehousing, fulfillment, transload and e-commerce services. It currently has warehouse locations in four distribution and gateway strategic cities. The company will continue to conduct business as BIG Logistics, LLC.
SecurCapital provides end-to-end supply chain and financial services to various businesses within domestic and international markets.
"We're excited to have a high-quality infrastructure logistics platform company for key strategic initiatives and to support our Fortune 500 clients, and active domestic and international agent networks,” says Steve Russell, SecurCapital’s CEO. “ … BIG's CEIV pharmaceutical accreditation and in-development web and smartphone Smart Pharma Chain application addresses many of the supply chain issues we are all facing today with Covid-19, and continued supply chain challenges."