B.I.G. Logistics Buys Xcell Logistic Services
Logistics has made acquisitions of privately-owned Xcell Logistic Services,
Inc., and Xcell Logistics Corporation in Mexico.
B.I.G. Logistics, a SecurCapital Corp company, is a third-party logistics
provider (3PL) and technology-enabled warehouse management IT platform with
warehouses throughout Texas and along the Mexican border. Xcell Logistic
Services is a 3PL and customs broker with warehouses in Laredo, Texas. Xcell
Logistics Corporation, headquartered in Mexico City, has offices in key Mexican
ports, industrial hub cities and border crossings with the United States.
Jointly, the companies offer pharmaceutical-licensed, 3PL cross-dock and
temperature-controlled warehouses, fulfillment, transload, border brokerage,
container examination station (CES), operate and manage Foreign Trade Zone (FTZ)
facilities and light manufacturing and e-commerce services. The new combined
companies offer the management of international and domestic air, ocean, ground
transport, custom brokerage, and project cargo.
Xcell Logistics Companies Founder and Chairman Roberto Sosa offers, "The
acquisition of Xcell by B.I.G. Logistics signifies the importance of Xcell'
presence in cross border market and will only catapult the company to higher
success. This is proof of the dedication over the last 25 years and will help
with the footprint B.I.G. and the group is looking to achieve globally. I wish
them all the best of luck and feel happy that our company ends up in the right
B.I.G. Logistics CEO Vinod Baliga added, "It is our pleasure and privilege to
welcome Cedric Sosa and the Xcell Logistics team to the B.I.G. Logistics family.
As a SecurCapital company, we have now completed our strategic Texas footprint.
B.I.G. now operates on the border with our legacy station in El Paso and an
added Laredo presence, as well as an additional seven stations in Mexico via
this acquisition. This positions B.I.G. Logistics as a dominant supply chain
logistics solutions provider on both sides of the border."
Cedric Sosa, Xcell Logistics Companies CEO, echoes; "We are in the right place
at the right time" offering compelling figures about the cross-border traffic
awaiting the combined companies. "Year to date, Laredo represents 37% of trading
between the US and Mexico with a figure of $243.8 billion. For importers and
exports on both sides of the border, Xcell Logistic Corporation in Mexico offers
wide coverage of existing offices in all major ports of entry enabling
cross-border, single turnkey solutions for our USA and global customers."
Russell, CEO, SecurCapital, said "We're excited to add Xcell Logistic Services
in Laredo and Mexico to our high-quality infrastructure logistics platform to
support our Fortune 500 clients and active domestic and international agent
networks as a clear logistics leader on both sides of the Mexico border,
supporting an ever-booming supply chain market. The acquisition is a key part of
our M&A rollup strategy that will accelerate in 2023 with the support of our
investors and recent investment in B.I.G. Logistics by New York-based Serengeti
"There is a tremendous team of experienced professionals in place under the
leadership of highly respected industry veterans like Cedric Sosa, now Group CEO
of Xcell Logistics Services, Vinod Baliga, CEO of B.I.G. Logistics and Scott
Peavler, CSO of B.I.G. Logistics Aerospace & Aviation that will allow us to
quickly implement new customer contracts to grow revenue, pursue targeted
acquisitions and expand organically through the opening of new stations soon to
include a new distribution center in Santa Teresa, New Mexico," he added.