SOURCE: ParcelPort

ParcelPort

May 02, 2011 13:29 ET

ParcelPort, LLC Acquires Pinnacle3 Direct Solutions, Inc.

Purchase Expands Company's Geographic Footprint in the Atlanta/Southeast Market as Well as Its Literature Fulfillment Offering and Complements Market Expansion Strategy

SCOTTSDALE, AZ--(Marketwire - May 2, 2011) - ParcelPort, a national provider of third-party warehouse and fulfillment logistics services, has acquired the contracts, personnel and equipment of Pinnacle3 Direct Solutions, Inc. The business will be integrated under the ParcelPort, LLC brand. Pinnacle3 Direct Solutions (P3) currently operates from a warehouse in Lawrenceville, Ga., and performs product and literature fulfillment for its 20+ customers.

ParcelPort will be expanding the Lawrenceville operation by combining the current clients of P3 with several of its current customers who are expanding in the southeast market. The new combined operation will be relocated into a new warehouse on Satellite Boulevard in Buford, Ga., (Northeast Atlanta).

"The acquisition of Pinnacle3 Direct Solutions allows us to more effectively expand into the Southeast and partner with the professional team at P3 as we grow into this new market with our current clientele. It also provides expanded literature and print management fulfillment solutions that many of our customers have requested," said Vincent Gulisano, CEO of ParcelPort. "P3 enhances our ability to expand in a new market like Atlanta by leveraging the management team already on the ground, as well as infrastructure and overhead for increased financial performance. When we combine both operations and experience, there are significant opportunities to collaborate and innovate in ways neither of us could have done on our own."

With fulfillment operations in Connecticut, Pennsylvania, Georgia and Arizona, ParcelPort can provide customers support for their national distribution requirements and lower overall transportation costs, all while improving service levels. The company provides fulfillment, front-end e-commerce gateways, order entry/management applications, and leveraged transportation services/rates to companies in the pharmaceutical, nutriceutical, online/ecommerce and business-to-business segments.

About ParcelPort
ParcelPort is a privately held third-party logistics provider with an expanding footprint of locations on the mainland United States. ParcelPort offers an integrated service offering to customers including shared fulfillment services, dedicated warehouse management, parcel/LTL transportation services and local transportation/delivery services. ParcelPort is currently in a major expansion mode as they seek to open new locations in Texas, California, Nevada and Illinos in the coming year. For more information, visit www.parcelport.com.

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