- THE MAGAZINE
BDP International, Inc., a leading privately held global logistics and transportation management firm, announced it has reached a decision to retain full family ownership of the company.
After a comprehensive seven-month review of the private equity market to diversify capital and grow, the Bolte family and BDP’s board of directors reached a decision to retain full ownership of the company. Throughout the process BDP has reiterated its goal to consider investors interested in a purely financial relationship rather than an operational stake, and that remaining family-owned has always been an option.
BDP is not seeking a minority investor nor is the company for sale. It will continue to be owned and operated by the Bolte family and current leadership team, re-investing through solid financial status and established avenues of capital generation via banking partners.
“We have learned from this experience and are appreciative of all of the groups with whom we engaged in dialog,” said BDP President and CEO Richard J. Bolte, Jr. “Together with our board, we carefully studied all of the options, and ultimately decided our employees, customers, suppliers and the future of the BDP enterprise itself would be best served by retaining what we value most: our culture of caring for, growing with and attracting new customers. This culture reflects our philosophy of personal accountability in which BDP personnel have the autonomy to adapt to the needs of clients and execute quickly,” Bolte continued.
“BDP is in the strongest financial position in its 46-year history with a healthy cash position and solid balance sheet,” Bolte added. “We have enjoyed strong results nearly every year for the past two decades, outperforming the logistics industry as a whole, as well as competitors and the equity markets."