SP Express, a third party logistics provider, announced that it has entered into a partnership with management advisory and investment firm, Cadre Partners. Under the partnership Cadre Partners will invest funds for the expansion of SP Express’ distribution centre network and coverage within the US.
The extra funds are also expected to help the company to move into international markets including the EU and Canada. In addition SP Express will use a portion of the proceeds to further build and enhance its marketing and agency service offerings.
SP Express already operates five distribution centres within the US 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 US, a national distribution network.
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