Palm Beach, FL – March 27, 2009 – BG Strategic Advisors (“BGSA”) is pleased to announce that its client, Pacific American Services (“PACAM”), a leading regional asset-light warehousing, packaging and distribution company specializing in value-added handling of domestic, import and export goods, has been acquired by Matson Integrated Logistics (“MIL”). BG Strategic Advisors served as an advisor to PACAM.
With the addition of nearly one million square feet of warehousing and distribution space, PACAM provides exceptional service coverage for the entire Northern California distribution network, complementing MIL subsidiary Matson Global’s recent expansion of 700,000 square feet of facilities in Savannah, Georgia. The acquisition will add a versatile, experienced management team, and a first-rate roster of clients to the company’s existing customer base.
PACAM serves hundreds of local, national and international customers and has extensive industry expertise in handling high value goods in the food and beverage, high technology and consumer packaged goods sector.
“As the tenth largest logistics company in the U.S., MIL and its subsidiary, Matson Global, will continue to look for new opportunities to expand our domestic presence as a third party logistics provider,” said Robert Papworth, President of MIL. “With the acquisition of PACAM, Matson Global will expand its geographic network in providing customers with warehousing, packaging and distribution services.”
About Pacific American Services
Since 1987, PACAM has provided award-winning third party logistics (3PL) and public warehousing services at the Port of Oakland and throughout San Francisco/Northern California, with specialized expertise processing high valued domestic, imported and exported goods, wines and spirits, food and beverages, organic food products, confectionary and bulk ingredients, high technology, retail and apparel and consumer packaged goods. PACAM is ISO 9001-2000, organic and FDA certified and operates an approved Foreign Trade Zone facility and is headquartered in Oakland, California. For more information, please visit www.pac-am.com.
About Matson Integrated Logistics
MIL is a leading provider of multimodal transportation services to the North American market. MIL capabilities include domestic and international rail intermodal service, long haul and regional highway brokerage, expedited/air freight services and LTL transportation services, as well as third-party logistics services that include warehousing, distribution, and freight forwarding through its subsidiary, Matson Global Distribution Services (Matson Global). MIL serves a broad range of customers and industries with customized transportation solutions and award-winning service. MIL is a subsidiary of Matson Navigation Company, Inc. (Matson). Matson is a wholly owned subsidiary of Alexander and Baldwin, Inc. of Honolulu (NASDAQ: ALEX). For more information, please visit www.matson.com.
About BG Strategic Advisors
BG Strategic Advisors is the leading M&A advisory firm focused on the logistics and supply chain industry. The Firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their companies’ value. For more information, please contact Managing Director Benjamin Gordon at (561) 932-1601, email firstname.lastname@example.org or visit www.bgsa.com.