The addition of Propak’s facilities of 60+ and transportation fleet , expands Pallet Logistics’s footprint based on assets and strengthens its nationwide service capabilities.
DALLAS on June 7, 2022 (GLOBE NEWSWIRE) -The company is Pallet Logistics of America (“PLA” or the “Company”) is an affiliate company of Silver Oak Services Partners, LLC (“Silver Oak”) and an asset-based pallet management service supplier, has acquired Propak, the world’s leading service provider for the supply chain.
Established around 1999, with Steve Clark’s help, Propak is a top national provider service that includes:
- Third-Party Logistics Services
- Reverse Logistics Services
- Freight Brokerage Services
Its headquarters is located at Ft. Smith, Arkansas; Propak employs 1,700 people in more than 60 locations across the country.
Propak’s acquisition Propak transforms PLA from the biggest pallet management service supplier in the western U.S. to a national supplier chain solutions company that offers Pallet Management Services, 3PL Services, Reverse Logistics Services, and Freight Brokerage & Transportation Management Services.
“We are thrilled to be part of the PLA family of companies,” stated Steve Clark, President and CEO of Propak. “With the supply chain being disrupted and a shaky supply chain, the combination of both companies will provide an additional level of service and product stability for our customers, and also allows Propak to expand to new market.”
“I’m happy to accept Propak as a member or join the PLA Family of Businesses. I’ve been friends with Steve for a long time. He, along with the Propak management team Propak are pioneers of their Reverse Logistics space, creating an advanced collection that includes Reverse Logistics Centers, 3PLs along with a freight broker designed to bring efficiency in supply chain operations to the biggest manufacturers and retailers within the U.S.,” said Kyle Otting, CEO of PLA. “Steve will continue to be the President and CEO of Propak, and I am looking at Steve being a part of the Board at PLA as we move into the next phase of our expansion.”
Wade Glisson, Partner at Silver Oak, added, “We are delighted to be partnering in this partnership with Steve Clark and the entire team at Propak and are looking at supporting Propak’s expansion. Propak is the fifth strategic partnership in the PLA platform and greatly expands our service and footprint capabilities.”
In 1989, the company was founded and was located in Dallas, Texas; PLA is a leading national company that provides supply chain solutions such as Pallet Management Services, 3PL Services, Reverse Logistics Services as well as Freight Brokerage & Transportation Management Services with over 115 million pallets every year for more than 500 customers. The company operates under the Pallet Logistics of America, Pallet Repair Services (“PRS”), Pal-Serv, Propak, Valley Pallet, and Yancey Pallet brands; PLA operates more than 75 facilities throughout the U.S., providing an extensive range of solutions for managing supply chains. Find out more about the PLA brand on www.PLofA.com.
Propak was founded in 1999. Propak is a forward-thinking provider of the most cutting-edge logistics, transport, and supply chain solutions. Propak is a business driven by customers and strives to deliver solutions that meet or exceed the client’s expectations. Propak is a firm believer in accountability, teamwork and constantly increasing its services, including Reverse Logistics, Warehousing, Transportation, Packaging, and Technology solutions. Alongside providing various solutions for supply chain management, Propak’s innovative thinking is unrivaled in the supply chain. The company’s philosophy allows for flexibility, trust, and cooperation with its customers. Propak strives to offer innovative and technologically-advanced solutions to its customer’s most pressing business demands. Find out more about the company at www.propak.com.
More About Silver Oak Services Partners
In 2005, the company was founded and was headquartered in Evanston, IL; Silver Oak Services Partners, LLC (“Silver Oak”) is a mid-to-lower market private equity company that is focused on partnering with top management teams to create the most competitive business, consumer and healthcare service businesses. Silver Oak utilizes a proactive and research-driven investment strategy to find attractive service sectors and search for the most suitable management teams and investment opportunities. Silver Oak seeks to make controlled investments in top service firms with 15 to $150 million annual revenue. Silver Oak is currently investing in its fourth fund, which is a 500 million asset-management vehicle. Learn more at www.silveroaksp.com.