SEKO Logistics announces the acquisition of Pixior LLC
Earlier this week, Itsaca, Illinois-based third-party logistics (3PL) provider and global freight forwarder, SEKO Logistics, announced that it had acquired 3PL and fulfillment services provider Pixior LLC, based in Commerce, California.
Financial terms were not disclosed.
Founded in 2000, Pixior has seven locations on the West Coast as well as one location in Connecticut, with the company providing e-commerce fulfillment and retail services to shippers of high-end fashion brands.
“With the acquisition of Pixior, we crystallize our industry leadership in end-to-end logistics solutions and take a significant leap forward in our US execution capabilities,” said James Gagne, CEO of SEKO. Logistics, in a press release. “We are operating on a high growth trajectory and seek opportunities that allow the business to continue to scale at the speed of commerce from anywhere in the world. Yassine and the Pixior team have demonstrated their ability to provide exceptional service, quickly develop new spaces and integrate clients in very limited markets. We believe in what they have accomplished and are ready to help the company and its customers grow even further.
Brian Bourke, Chief Growth Officer of SEKO, said ML several factors prompted SEKO to acquire Pixior, perhaps the most notable being that SEKO expects its e-commerce business to reach over $1 billion by 2025, adding that the company is constantly looking for areas in which it can can expand its core e-commerce capabilities, especially in the US market.
“Pixior had already positioned itself as a leader in high-end fashion e-commerce execution and branded services with a unique focus on value-added services for customers,” Bourke said. “We have seen this expertise, along with their West Coast facility footprint and ability to rapidly develop new spaces and onboard clients in such tight real estate markets, as a notable differentiator.”
Bourke said the sale follows an extensive period of due diligence, during which teams at Pixior and SEKO Logistics thoroughly examined the impacts on businesses, cultures and operations.
As for what integrating Pixior brings to SEKO’s customers, in terms of benefits, Bourke said that for SEKO, the company can now offer high-value e-commerce fulfillment services that personalize the experience. branding for our customers, including services like embroidery, steaming, and even instrument tuning.
“The acquisition of Pixior also significantly expands our footprint on the West Coast – we gain over 1.8 million square feet of combined warehousing space primarily located in the greater Los Angeles market, as well as plans to future expansions to reach 2.4 million cumulative square feet of warehouse space by Q3 2023,” he said. “SEKO will add Pixior’s drayage business, comprising 1,000 chassis, to further increase the speed and efficiency of our port offloading services. But, it’s truly a win-win. Pixior’s customers will also see opportunities for growth globally through our global network of unloading capabilities. freight forwarding, our in-country fulfillment capabilities in key European markets and our enhanced last mile delivery services.
Bourke explained that SEKO has steadily grown its e-commerce business and capabilities since becoming one of the first companies to enter the market in 2011.
On the West Coast, he noted that SEKO nearly tripled its square footage in Southern California in the last two years before the acquisition, centered around Carson and Chino in the Inland Empire.
“Los Angeles has always been a priority,” he said. “However, we have again quadrupled the square footage of our facilities, but also our drayage capabilities to accommodate the large and growing number of imports passing through the Ports of Los Angeles and Long Beach. Again, we see this as a strong win-win for our teams and those of Pixior. We have complementary services and capabilities, and both teams have a customer-centric mindset. By bringing Pixior’s core e-commerce capabilities in-house to SEKO, we crystallize our leadership in truly end-to-end logistics solutions, from factory to consumer.
After the sale is completed, SEKO said Pixior CEO Yassine Amallal will remain CEO of the business unit which will eventually be renamed SEKO Ecommerce Fulfillment.
“Pixior has grown considerably since the company was founded over 20 years ago. To continue our growth, we needed a partner with the capabilities and expertise to accelerate and scale what we were able to accomplish. SEKO is the right partner,” Amallal said in a statement. “We admire the company’s global reputation as a pragmatic, practical and reliable provider of first-class logistics solutions, just like us. Plus, with their global operations, there’s no limit to our clients’ growth potential.
About the Author
Jeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics management, Modern material handlingand Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine where he covers all aspects of the supply chain, logistics, freight forwarding and material handling industries on a daily basis. Contact Jeff Berman