Banc of California has acquired PacWest for an undisclosed amount, completing a corporate acquisition that expands its operational scope. PacWest USA, a courier company, is a joint venture formed by Great Way Trading and Transportation and United Courier Service (UCS). PacWest operates from Oregon, maintaining warehouses across key US locations including San Francisco, Los Angeles, New York, and Delaware, with a primary focus on e-commerce small parcel delivery between the United States and China. The company also handles tax-exempt state import/export transit and warehousing services.
Great Way Trading & Transportation, based in Union City, California, brings over two decades of professional logistics experience, including establishing the first Chinese-funded customs brokerage in the US and pioneering US-China international freight forwarding. Since 2012, it has offered e-commerce logistics, utilizing over 30,000 square feet of warehouse space to facilitate B2C shipments of US and China brand e-commerce products to Chinese consumers. United Courier Service (UCS), an overseas express brand of China Post Express Service (EMS), has provided secure international express services from North America to China since 2007, extending its reach to Europe, Australia, Japan, and Korea. UCS primarily serves large commercial clients and is recognized as a leader in the US-China express industry.
This acquisition is strategically aimed at leveraging PacWest's established, specialized logistics infrastructure and its deep expertise in the complex US-China e-commerce and freight forwarding corridors. The integration of PacWest is expected to create synergies by broadening the acquiring company's service offerings and market reach within the international logistics sector. PacWest’s network of warehouses and its proven capability in cross-border e-commerce fulfillment are valuable assets for expansion into this growing market segment.
The combination of Banc of California and PacWest is anticipated to enhance capacity and operational efficiency in handling international shipments and customs processes. The merged entity is set to capitalize on PacWest’s robust operational framework and market position, fostering new opportunities in global trade logistics.