Audax Private Equity Acquires 48forty Solutions from Grey Mountain Partners

48forty Solutions Acquires Pallet-Ops

September 7, 2022

Logistics & Distribution

Houston-based 48forty Solutions, a portfolio company of Audax Private Equity and Summit Partners, has acquired Texas pallet management provider Pallet-Ops. The acquisition expands 48forty’s footprint in Texas (San Antonio, Dallas and Houston) and adds Pallet-Ops’ fleet, facilities and 170 employees to 48forty’s national pallet management network; terms were not disclosed.

48forty Solutions Acquires Pallet Consultants

March 8, 2022

Logistics & Distribution

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.

48forty Solutions Acquires Nazareth Pallet Company

March 1, 2022

Logistics & Distribution

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.

48forty Solutions Acquires Industrial Pallet

January 4, 2022

Logistics & Distribution

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.

48forty Solutions Acquires Prime360

May 26, 2021

Transportation

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.

48forty Solutions Acquires Relogistics

May 4, 2021

Logistics & Distribution

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Relogistics, a Houston-based provider of pallet and container management services with operations at over 60 U.S. locations. The transaction is 48forty's first under Audax ownership and is intended to expand geographic coverage and broaden pallet logistics and reverse-logistics capabilities across national and local customers.