PHOENIX, Nov. 19, 2014 (GLOBE NEWSWIRE) -- SP Express, a leading national third party provider of logistics and order fulfillment services, is pleased to announce a new partnership with management advisory and investment firm, Cadre Partners.
The private equity investment from Cadre Partners will fund the continued expansion of SP Express' distribution center network and coverage within the United States, and will allow the company to move into International markets including the European Union and Canada. SP Express will also use a portion of the proceeds to further build and enhance its marketing and agency service offerings.
To support the expansion, Marc Sandroff of Cadre Partners has joined the SP Express board of directors. Sandroff brings over 30 years experience partnering with entrepreneurial companies to drive extraordinary growth. He has founded several successful organizations as well as invested in and served on the Boards of Directors of over 40 companies.
Cadre Partners selected SP Express for partnership because the company "has established an industry-leading business leadership and management team," says Ken Abrahams, Co-General Partner at Cadre Partners, "that is keenly oriented to serve the needs of a wide range of customers in the third party logistics and order fulfillment ecosystem."
Currently, SP Express operates five distribution centers within the United States with facilities located in Los Angeles, Phoenix, Dallas, and Forest, Virginia. The company offers clients 2-day or less ground shipping covering substantially all delivery points in the continental U.S., a national distribution network that is highly competitive with Fulfillment by Amazon and other leading order fulfillment providers.
"We have a high level of respect for Cadre and their ability to help us further grow our business," says Mich Bayley, CEO of SP Express. "With the Cadre investment, we intend to continue to expand our service footprint and service offerings such that we can provide clients with more solutions in more markets. Furthermore, through our partnerships with firms such as Day 2 (www.day2now.com), we actually help clients grow their businesses by giving them quick, easy and seamless access to new online marketplaces and sales channels."
About SP Express:
SP Express is a leading national provider of third-party logistics and order fulfillment services for a broad spectrum of businesses across multiple channels and industries. With a network of strategically located and modern warehouse and distribution facilities nationwide, and a sophisticated suite of complementary service capabilities, SP Express maximizes cross-channel efficiencies to deliver a seamless customer experience. For more information, visit www.spexpress.com or call 866-773-7363.