PECO’s commitment to quality and service remains at the heart of today’s growing business.
America thrives on competition. But back in the late 1990s, a large overseas corporation had a near-total monopoly on the pallet pooling market. In response, a group of 18 independent pallet recyclers, manufacturers and brokers came together to form the “Pallet Exchange Company,” or “PECO.” The company’s name was later changed to “PECO Pallet, Inc.,” and its pallet pool increased significantly after capital investments by several private equity investors.
PECO's founders recognized the huge potential for a well-maintained pallet pool. And they saw the shortcuts the prevailing monopoly was taking—to the disadvantage of its customers. Consequently, from the very beginning, PECO Pallet made a commitment to provide its customers with superior quality pallets and excellent service.
In the early years, PECO supplied pallets primarily to private label vendors shipping to club stores. The nation's leading club store became an early PECO supporter because they also wanted to maintain healthy competition in the pallet industry. Several national manufacturers signed on with PECO as well. By working in partnership with these companies to reduce costs and improve efficiency throughout the supply chain, PECO's reputation for quality and service continued to grow.
In the early 2000s, a new executive leadership team transformed PECO from its start-up business model into a North American leader in pallet pooling services. As PECO added more top manufacturers and distributors to its service network, the number of total pallet issues increased dramatically.
In March 2011, PECO Pallet was acquired by Pritzker Group, one of the most successful and innovative private investment firms in the world. This provided the substantial equity capital needed to fund the company's continued growth throughout the U.S., Canada, and Mexico. Joe Dagnese was appointed CEO in June 2016, ushering in a new era of expansion and innovation with a special emphasis on safety.
PECO Pallet celebrated its 20th year in business in 2017 and is now a dynamic North American leader, pushing the entire pallet industry forward—and forcing the competition to sit up and take notice. Yet, even as PECO continues to grow, we remain respectful and true to our roots. Our passionate commitment to quality and service will always be at the heart of PECO Pallet.
Contact us to put PECO Pallet’s experience and expertise to work for you!