#United States #Birmingham #vehicle logistics #RPM Freight Systems #PARS

RPM Acquires PARS: A New Era for Vehicle Relocation and Logistics Services

RPM Freight Systems, LLC, a prominent player in the international logistics and supply chain arena, has made headlines with its recent acquisition of Professional Automotive Relocation Services (PARS). This acquisition marks a significant milestone by uniting two industry frontrunners, thereby creating a more integrated service platform for clients in the automotive sector.

A Strategic Partnership

The synergy between RPM and PARS is evident, thanks to their complementary strengths. RPM, known for its leadership in finished vehicle logistics, merges perfectly with PARS' specialized expertise in lifecycle management of automotive fleets. This partnership does not merely expand RPM's service catalog; it significantly enhances the offerings available to both companies' customer bases.

Enhanced Service Portfolios

As a result of this acquisition, RPM will now include high-value corporate fleet services within its suite. These services encompass essential functionalities such as driveaway, vehicle storage, as well as titling and registration. This evolution enriches the aggregation of solutions offered by RPM while providing PARS customers the added advantage of accessing RPM's extensive carrier network and original equipment manufacturer (OEM) relationships.

PARS has been recognized for over two decades as a leading provider in fleet management across North America, emphasizing efficiency, safety, and cost-effectiveness. By integrating its unique service offerings with RPM's logistics capabilities, clients can expect improved operational efficiency and transparency, along with expanded haul-away services—further enhancing the overall service quality.

Customer Benefits

One of the most promising aspects of the merger is the seamless access patrons will now have to an integrated range of logistics solutions. Both RPM and PARS will operate as trusted partners to meet their clients' diverse fleet transport needs. Notably, PARS will continue to function as an independent entity, preserving its brand identity under the familiar name while reaping the benefits of belonging to a larger network.

Expert Insights

Andrew Frank, a Partner at Trive Capital, expressed excitement about this strategic move, stating, "The acquisition of PARS creates an unmatched, full-service logistics platform for the entire vehicle lifecycle." This indeed underscores the transformative potential of the merger, backed by significant investment firms such as Trive Capital and BlueJay Capital.

John Perkovich, President of RPM North America, praised the cooperative efforts anticipated from this merger and its implications for upcoming growth, highlighting, "Our vision to revolutionize the automotive industry requires complementary services. Together, we can tackle the most complex logistics challenges.”

Lori Rasmussen, the President/CEO of PARS, noted that the acquisition represents a sprightly opportunity for both the team and their customers. She emphasized alignment in values and the pursuit of quality service, affirming that together, they will offer an expansive toolbox and network to the fleet industry.

What Lies Ahead

This acquisition takes immediate effect, although specific financial details surrounding the deal remain undisclosed. As RPM works to incorporate PARS' services, the logistics landscape is poised for exciting developments. The collaborative experiences and capabilities now present within RPM and PARS promise to elevate service standards while creating a formidable challenge for competitors in the vehicle logistics sector.

Without a doubt, the union of RPM and PARS presents a new chapter in providing comprehensive logistics solutions tailored to the complexities of automotive transport. As they move forward, customers can expect not just enhanced services but also fortified alliances through a single source of trusted support for their logistical needs.