Pharmaceutical wholesale and specialty distributor Morris & Dickinson acquired Presa Solutions. Terms of the transaction were not disclosed.
Irving, TX-based Presa Solutions is a third-party logistics (3PL) provider for pharmaceutical manufacturers. Founded by industry veterans Omar Agado and Travis David, the company offers flexible back-end support, including order management, invoicing, financial reporting and chargeback processing. Presa also helps manufacturers manage supply chains with
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“This strategic acquisition helps Morris & Dickson to bring an integrated supply chain solution to our pharmaceutical and biotech partners,” Morris & Dickson SVP and GM of Specialty Layne Martin said in an April 3 news release. “Many of our emerging biotech partners are looking for an alternative to the traditional ‘Big 3’ distributors. This acquisition reinforces Morris & Dickson’s commitment to treat each of our pharmaceutical and biotech customers as a Tier 1 partner. Presa Solutions brings valuable expertise and a manufacturer-centric model, which complements our existing logistics capabilities and further solidifies our position across both the full-line wholesale and the specialty distribution market.”
Morris & Dickson said the transaction will enhance its service offerings for pharmaceutical manufacturers by integrating Presa Solutions’ order-to-cash platform with its own fulfillment and logistics solutions, creating a comprehensive 3PL platform.
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The company will now operate as PresaMD, a Morris & Dickson company, with David and Agado joining the Morris & Dickson management team to continue leading the 3PL services.
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