Total Distribution, Inc. (TDI), a wholly owned subsidiary of Peoples Services, Inc. (PSI), acquired the assets of REO Processing & REO Logistics.
“Adding the high-quality REO Processing and their unique service offerings to our existing network will improve the service levels and flexibility to TDI and REO’s current customers,” says Doug Sibila, CEO of TDI.
“As president of REO, our goal was simple: to build a company based on a high level of professional services,” says Gregg Frazier, president of REO Processing & REO Logistics. “Good fortune and great customers, some for decades, have guided us to reach our accomplishments. That is where we are today with our customers and our employees that are my second family. I am pleased to announce this new chapter in joining forces with Peoples Services/TDI. Having known the PSI and TDI companies, Doug Sibila and his management staff for many years, I can see the opportunities and growth they can provide. Their values and expectations for service and people are second to none and are totally in line with mine. I am thankful for time with REO and look forward to working with our new team.”
Key takeaways:
- The acquisition continues the strategy of further diversifying and expanding the services offered by TDI and its affiliates.
- REO Processing & REO Logistics maintains 10 facilities across West Virginia and Atlanta.
