Exegistics, a Chicago-based and veteran-owned third-party logistics and supply chain innovator, has acquired the Indianapolis staffing operation of Versant Supply Chain.
"This acquisition represents a rare opportunity to invest in an established staffing leader," Exegistics Founder and CEO Stephen Olds said in a statement. "We have great respect for the Indianapolis-based team and look forward to bringing additional resources to improve staffing even more, while continuing to serve high-growth customers with excellence. One way we are following through on that is by ensuring that we create a workplace where veterans can excel. It is part of our mission and central to who we are as a veteran-owned company."
Exegistics was founded in 2008 and has integrated technology into each of its core offerings. The company uses cloud-based solutions to give customers access to warehousing, distribution, transportation and operational staffing information from anywhere in the world. In addition, Exegistics has developed an innovation process that allows its operations teams to partner with customers to unlock ideas that can lead to performance improvements.
"The culture and management team at Exegistics align well with our staffing team at Versant Supply Chain in Indianapolis," said Diana Herold, president at Derby Supply Chain Solutions, an affiliate of Memphis-based Versant Supply Chain, in a statement. "We know Exegistics will take care of our customers and our team because they live their values and they follow through on their commitment to creating pathways and opportunities to improve personally and professionally. We look forward to contributing our knowledge and experience to the team."
The Indianapolis staffing operation of Versant Supply Chain will operate as Exegistics Resource Solutions and expects to work with clients ranging from pharmaceutical, healthcare and government agencies to manufacturing and global retailers to develop custom staffing solutions.
With the acquisition, Exegistics has 38 U.S. locations and more than 500 employees. The company was recently named to the Inc. 5000 list of fastest growing companies for the third consecutive year and earned a spot on the inaugural Vet 50 list of fastest growing veteran-owned companies in 2017.