48forty Solutions Acquires J&B Pallet

October 13, 2021

48forty Solutions, a portfolio company of Audax Private Equity, has acquired J&B Pallet, a pallet manufacturer and recycler headquartered in Lake City, Minnesota. The acquisition expands 48forty's footprint in the northern Midwest and is the fourth add-on since Audax's investment in 48forty in November 2020; terms were not disclosed.

Buyers
48forty Solutions, Audax Private Equity
Targets
J&B Pallet
Platforms
48forty Solutions
Location
Minnesota, United States
Transaction Type
Addon

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