Gibraltar Industries buys Package Concierge
Gibraltar Industries has bought the US-based electronic parcel locker company Package Concierge for $20m. In a statement issued today (28 February), Gibraltar Industries said: “Package Concierge is the exclusive reseller of Gibraltar’s ExpressLocker centralized parcel storage system into the multifamily residential market. The acquisition is expected to be accretive beginning in 2018 following integration and growth investments in 2017.”
Gibraltar Chief Executive Officer Frank Heard commented: “Package Concierge is the clear market leader in the multifamily segment and through the acquisition of Package Concierge, we plan to accelerate Gibraltar’s presence in the overall fast-growing Package Delivery Locker market.
“Package Concierge’s proprietary software/hardware solution and deep understanding of the multifamily market, coupled with our current ExpressLocker product, provide Gibraltar with a distinct competitive advantage. We welcome the Package Concierge team to Gibraltar and look forward to working together to capitalize on many exciting opportunities in this market.”
Package Concierge Chief Executive Officer Georgiana W. Oliver added: “As part of the Gibraltar family of businesses, we will expand further on our capabilities to provide this valuable amenity to other market verticals in need of secure and convenient package delivery solutions as a result of rapid eCommerce growth.”