Blue Chip Logistics has been Acquired by a private family office
Relay Transition Partners is pleased to announce that Blue Chip Logistics Inc. (“Blue Chip” or the “Company”) has been acquired by a private family office, who partnered with Company management to complete the transaction.
Blue Chip is a leading asset-light third-party logistics firm focused on providing multi-modal transport solutions to customers across Western Canada. Blue Chip differentiates itself from larger industry players through its high touch, ‘we care’, level of service - ‘Peace of Mind. Delivered’.
Dale Parsons, Founder of Blue Chip, commented, “Relay’s professionalism, responsiveness, and ability to keep me informed at every stage of the M&A process were commendable. Axel provided a sense of confidence and reassurance throughout, making the entire experience smooth and efficient.”
Relay Transition Partners acted as financial advisor to Blue Chip.
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Established in 2002, Blue Chip specializes in managing the long-distance product logistics requirements for over 65 customers. As an asset-light 3PL firm, Blue Chip does not own any transportation equipment, but rather has a roster of vetted suppliers in trucking, rail, ocean and air transport which it contracts and oversees. The Company is primarily focused on TL (truckload) vs LTL (less than truckload) on behalf of its clients.