Military veterans turn Premier Logitech into leading logistics and technology company
When Darryl Smith and his business partner, Scott Paul, heard that Premier Fulfillment was for sale in 2007, their search to purchase a small company they could tum around and grow was over. Soon after realizing how special this warehousing and packaging company was, the duo acquired the Grand Prairie based enterprise in October 2007, eventually renaming it Premier LogiTech.
“We thought the company had a lot of potential,” said CEO Smith. “We believed there was a need for a solid logistics and technology company in the space.”
But, did Smith and Paul ever think Premier would grow to what it is today-an MBE that has tripled revenues and doubled its workforce since the purchase?
“We didn’t think so,” Smith answered, noting he and Paul, who is president, are military veterans. “We were not sure if we would even grow. Our expectations have been exceeded, and we have accomplished a lot. That said, as we spend more time in this space with the company we think there is more potential.”