48forty Solutions Acquires Pallet Consultants
March 8, 2022
48forty Solutions, a national pallet management provider and an Audax Private Equity portfolio company, has acquired Pallet Consultants. Pallet Consultants — founded in 1996 and operating six locations in the southeastern United States with more than 350 employees — will remain led by founder Gus Gutierrez, who will remain a significant shareholder and join 48forty's leadership team; terms were not disclosed.
- Targets
- Pallet Consultants
- Sellers
- Pallet Consultants (owner Gus Gutierrez)
- Platforms
- 48forty Solutions
- Industry
- Logistics & Distribution
- Location
- United States
- Transaction Type
- Addon
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48forty Solutions Acquires Pallet-Ops
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48forty Solutions Acquires CALco Pallets
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48forty Solutions, a portfolio company of Audax Private Equity and Summit Partners, has acquired CALco Pallets from Strength Capital Partners. The add-on expands 48forty's footprint in the northern Midwest, adding CALco's manufacturing, recycling and mulch-production capabilities and nearly 300 employees across facilities in Illinois and Wisconsin.
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48forty Solutions Acquires Nazareth Pallet Company
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48forty Solutions, a portfolio company of Audax Private Equity, has acquired Nazareth Pallet Company, a family-owned supplier of recycled and custom pallets in the Northeastern United States. The deal expands 48forty's footprint in the Northeast and adds Nazareth's recycling, custom pallet manufacturing capabilities and local fleet to 48forty's national pallet management network; terms were not disclosed.
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48forty Solutions Acquires Industrial Pallet
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48forty Solutions, a portfolio company of Audax Private Equity, has acquired Industrial Pallet, a wooden pallet provider and recycler based in Eastford, Connecticut. The acquisition expands 48forty's footprint in the Northeast and is the sixth add-on since Audax's investment in 48forty in November 2020; terms were not disclosed.
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48forty Solutions Acquires Prime360
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48forty Solutions, a portfolio company of Audax Private Equity, has acquired Prime360, a Schaumburg, Illinois-based provider of pallet management and brokerage services. The add-on expands 48forty’s national pallet management and logistics capabilities, combining Prime360’s retail-focused services and brokerage relationships with 48forty’s existing network to grow their service offering and footprint.
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Audax Private Equity Acquires 48forty Solutions from Grey Mountain Partners
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Audax Private Equity has acquired a controlling interest in 48forty Solutions from Grey Mountain Partners. The investment positions 48forty — a leading North American pallet management and reverse logistics provider with a national network of facilities and over 2,400 employees — for continued organic growth and strategic add-on acquisitions to expand its product and service offerings.
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