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iGPS Logistics acquire iGPS

iGPS Logistics, a joint venture formed by Balmoral Funds and One Equity Partners, has aquired Intelligent Global Pooling Systems (iGPS), which operates pallet rental service featuring lightweight, 100% recyclable plastic pallets.

iGPS Logistics new chief executive Jeff Liebesman said the company’s new capital structure will enable it to improve its existing operations and expand its product offerings going forward.

"iGPS has been a true innovator with an outstanding value proposition," Liebesman added.

iGPS’ lightweight, recyclable plastic pallets and integrated technologies yield savings for both manufacturers/growers and retailers.