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Contract logistics provider TIG acquires PDM
Yahoo Financeยท 2025-09-25 15:31
Group 1 - The Integration Group (TIG) has announced an agreement to acquire packaging and warehousing provider PDM for an undisclosed sum [1] - PDM operates one million square feet of industrial and food-grade space in Iowa and offers packaging, warehousing, expedited, and dedicated transportation services [1][2] - The acquisition enhances TIG's regional logistics offerings, which include raw materials sourcing and final delivery, and aims to provide a more complete logistics experience [2] Group 2 - TIG's CEO Mike Schoenfeld emphasized that the acquisition will improve service offerings and regional reach [2] - PDM's division president Terry Goodman highlighted the company's expertise in custom packaging and supply chain services, which will be scaled under TIG [3] - TIG was previously involved in acquiring Matrix Management, an aftermarket supply chain services and e-commerce fulfillment provider, in July [3] Group 3 - TIG is supported by Maxwell Street Capital Partners, a private equity firm focused on logistics [4]