Dallas-based Pallet Logistics of America announced that it has acquired the logistics firm Propak Corp. of Fort Smith.
Financial terms of the transaction were not disclosed.
The acquisition transforms Pallet, the largest pallet management services provider in the West, into a national supply chain solutions provider. In addition to third-party logistics and reverse logistics services, Propak brings warehousing, transportation and freight brokerage services to the deal.
"With a disrupted supply chain, the combined offering of the two companies provides additional product and service stability for our customers and allows us to grow into new markets," Steve Clark, president and CEO of Propak, said in a news release.
Propak, founded in 1999, has 60 locations across the U.S. and employs more than 1,700 people.
Clark will join the Pallet board of directors and retain his role as president and CEO of Propak.
Pallet is a portfolio company of Silver Oak Services Partners LLC of Evanston, Illinois. The company handles more than 115 million pallets per year for over 500 customers.
