RPM, an international non-asset-based logistics and supply chain solutions company, announced its acquisition of Professional Automotive Relocation Services (“PARS”).
This acquisition combines two industry leaders. RPM’s leadership in finished vehicle logistics, paired with PARS’ deep expertise in lifecycle management, creates a dynamic partnership and service platform for their respective customers. This move expands RPM’s service portfolio to include high-value corporate fleet services, including driveaway, vehicle storage, and titling & registration. Furthermore, PARS customers now gain access to RPM’s carrier network and OE relationships, with new solutions designed to address capacity and efficiency challenges across their supply chains.
The integration of PARS’ services with RPM’s logistics expertise, expansive carrier network, and technology platform aims to deliver greater operational efficiency and transparency and to expand haul-away capabilities for all customers.
Andrew Frank, partner at Trive Capital, commented, “The acquisition of PARS creates an unmatched, full-service logistics platform for the entire vehicle lifecycle. Trive is excited to continue supporting RPM as they continue to accelerate their leadership in the vehicle logistics industry.”
The integration of PARS and RPM will enable access to an expanded portfolio of services through a single partner and end-to-end solutions that meet fleet and transport needs. During this time, PARS will continue to operate as a stand-alone business under the PARS name, maintaining its brand identity and leadership.
“We are thrilled to have the support of Trive Capital and BlueJay Capital in welcoming PARS to the RPM team,” said John Perkovich, president of RPM North America. “This is a pivotal moment in our growth. Our vision to revolutionize the automotive industry requires complementary services. The combined experience and capabilities of our two great companies will allow us to provide unparalleled service and a truly comprehensive solution to our customers. We are united in our commitment to solving the most complex logistics challenges.”
“Joining RPM is a fantastic opportunity for our team and our customers. Our dedication to service quality and metrics-driven solutions aligns perfectly with RPM’s values. Together, we will be able to offer an even more powerful set of tools and a broader network to the fleet industry,” added Lori Rasmussen, president and CEO of PARS.
The acquisition is effective immediately. Terms of the transaction were not disclosed.
