The strategic partnership is anticipated to step up PDI’s development into a global leader in the convenience retail and logistics industries
Leading global provider of enterprise-class software solutions to the convenience retail and wholesale fuel and logistics industries, PDI and Genstar Capital, a leading private equity firm, has entered into a strategic partnership, which is expected to accelerate PDI’s transformation into a global leader in the convenience retail and wholesale fuel and logistics industries.
Providing customers with leading software solutions, technologies and services to help them thrive in the digital economy, the partnership builds on PDI’s 30-year heritage and its mission to put them first.
“We believe that our strategic partnership with Genstar and TA Associates supports and builds on our mission to be a trusted partner and advisor for our customers, addressing their ongoing and evolving enterprise software and service’s needs. This investment is a strong vote of confidence in PDI’s long-term strategy and future growth potential, and we look forward to working with our partners to continue to strengthen and broaden our market footprint,” said Jimmy Frangis, chief executive officer, PDI.
Eli Weiss, managing director, Genstar Capital. “We are confident that the breadth of PDI’s current portfolio along with the potential for expanding its existing services and software offerings will bring a new level of experience to the industries and the customers it serves. Our added capital and resources in partnership with TA Associates will provide PDI with the means to further develop their technology and allow for strategic add-on acquisitions that we believe will meet the needs of a rapidly changing market.” PWKD29082017