IE Business Daily Business news for the Inland Empire.
DC Logistics, a third-party logistics company in Jurupa Valley, has been sold.
Bonsai Partners LLC, a Carlsbad-based investment portfolio manager, bought DC Logistics recently for an undisclosed sum, according a statement.
Founded in 2006, DC Logistics specializes in inventory management and “less-than-truckload” storage. It employs more than 200 people – including 84 drivers – as well as 130 trucks, five rail spurs, and 10 distribution facilities that collectively cover 600,000 square feet.
DC Logistics operates in California, Oregon, Nevada, Arizona, Colorado, and Louisiana, and it’s currently considering expanding into Texas, Florida, Utah and New Mexico, according to the statement.
Less-than-truckload shipping has become an important part of the logistics industry, as companies are moving smaller amounts of goods to meet e-commerce orders.
“We were highly selective in our search to find not only a company with outstanding growth potential in a thriving industry, but one that operated in a region familiar to us,” said Bonsai Chief Executive Officer Judas Castro, in the statement.
Funding for the acquisition was provided by an investment group that included Crow Holdings, a real estate investment and development firm based in Dallas.
