100 BERKELEY DR A SWEDESBORO, NJ 08085 Get Directions
100 BERKELEY DR A SWEDESBORO, NJ 08085 Get Directions
Priority Air Express LLC and Distribution Solutions International today announced that they are join
Swedesboro, NJ September 9, 2005 -- Distribution Solutions International and Priority Air Express LLC today announced that they are joining to form a new company, Priority Solutions International. The new entity will be a portfolio company of Arsenal Capital Partners, a private equity firm. Arsenal invests in established middle-market manufacturing, business services and healthcare sector companies.
Priority Air Express is a non-asset based logistics company that provides pharmaceutical and healthcare manufacturers with regulatory compliant premium distribution services including controlled substances and emergency response services. In addition to healthcare services, Priority Air Express offers international, and airfreight services. Priority Air Express operates a warehouse near their headquarters in the Philadelphia area as well as facilities in Chicago and Los Angeles.
Distribution Solutions International is a non-asset based logistics company providing complete and regulatory compliant supply chain solutions to the pharmaceutical, airline and general transportation industries. Last Mile services include the local delivery of a wide variety of products to the final consignee, typically at residential addresses. In addition to their Traverse City, Michigan headquarters, DSI operates a state of the art warehouse and distribution center in Memphis, TN.
?We are very excited to join with Priority Air Express in this new venture.? said David Mathia, Founder and CEO of Distribution Solutions International. ?Both companies focus on providing complete solutions and outstanding customer service to their clients. Although we are currently leaders in our markets, the synergies between us will make Priority Solutions International even stronger. We look forward to working with Arsenal Capital to pursue new opportunities within healthcare and last mile logistics.?
?Between them, Distribution Solutions International and Priority Air Express provide pharmaceutical sample management services to six of the top ten pharmaceutical companies in the United States.? said Jim Marden, a Managing Director of Arsenal Capital Partners. ?By joining forces as Priority Solutions International, current and potential healthcare clients will have immediate access to additional vendors, multiple warehouse locations, and new value added services.?
?Priority Air Express and Distribution Solutions International share similar corporate cultures which insures that our clients will continue to receive outstanding customer service.? commented Chris Carpenter, President of Priority Air Express. ?Both companies are well known in the pharmaceutical industry. Now, the combination of DSI?s technology and marketing strengths and our expertise in air freight and international services places Priority Solutions International in an even better position to provide outstanding value-added services to our clients.?
The ownership of Priority Solutions International fits Arsenal Capital Partners? strategy of acquiring niche market leaders in outsourced segments of the healthcare sector. Arsenal Capital acquired Scientific Protein Laboratories, a leading active pharmaceutical ingredient business, in February, 2004 and Priority Air Express LLC in August, 2004.
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