PECO Pallet, Inc.

PECO Pallet, Inc. provides sustainable pallet pooling services, focusing on the inspection, cleaning, and repair of pallets for efficient transportation and storage solutions across North America. Founded in 1997 and headquartered in the US, PECO Pallet specializes in high-quality block pallet pooling services. The company has raised a total of USD 3.

60 mn in financing, with the latest round led by Advantage Capital Partners and Stonehenge Growth Capital. CEO Joe Dagnese oversees a company that has successfully completed 5 deals, enhancing its operational capability through strategic funding. PECO Pallet specializes in high-quality block pallet pooling services, providing a sustainable and efficient solution for the transportation and storage of goods across North America. Their core offerings focus on the inspection, cleaning, and repair of pallets, ensuring that each unit meets rigorous quality standards before re-entering circulation.

PECO Pallet serves a diverse client base that includes major players in the Consumer Packaged Goods (CPG) industry, grocery chains, warehouse clubs, and discount retailers. The company achieves acceptance at over 98% of these retail locations and operates a network of more than 2,100 full-service depots, sorting, and recovery locations throughout the United States, Canada, and Mexico, facilitating seamless logistical support for its customers through a comprehensive pallet delivery service that typically operates within a 72-hour timeframe. PECO Pallet generates revenue through its pallet pooling service model, engaging in business transactions primarily with B2B clients, including retailers and wholesalers in the logistics and supply chain sectors. The company provides access to a fleet of high-quality pallets, rented on a per-cycle basis to accommodate client logistical needs.

This pricing structure ensures a cost-effective solution for clients while upholding operational efficiency and high-quality standards, crucial for enhancing supply chain operations with a focus on sustainability and environmental responsibility. PECO Pallet aims to expand its operations into new geographic regions and markets, targeting increased service coverage by enhancing its network of depots. Recent funding of USD 3. 60 mn will support these initiatives, particularly in expanding their logistical capabilities and developing new product offerings.

The company has no specific upcoming product launches or release dates announced at this time. Additionally, Pritzker Private Capital recently exited its stake in PECO Pallet, Inc. , with financial terms undisclosed.