RPM Freight Systems, LLC, (“RPM”), an international non-asset-based logistics and supply chain solutions company, is excited to announce its acquisition of Professional Automotive Relocation Services (“PARS”).
This strategic acquisition combines two industry leaders with highly complementary strengths. 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 such as driveaway, vehicle storage, and titling & registration. Furthermore, PARS customers now gain access to RPM’s expansive carrier network and OE relationships, offering robust new solutions to address capacity and efficiency challenges across their supply chains.
For over two decades, PARS has been the leader in managing the safe, efficient, and cost-effective fleet management of vehicles across North America. The integration of its specialized services with RPM’s logistics expertise, expansive carrier network, and technology platform will deliver greater operational efficiency, transparency, and expand haul away capabilities to all customers.
The integration of PARS and RPM will now benefit their respective customers with seamless access to an expanded portfolio of services through a single, trusted partner and end-to-end solutions that meet all their fleet & 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.
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.”
“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.” Lori Rasmussen, President/CEO of PARS.
The acquisition is effective immediately. Terms of the transaction were not disclosed.
