Palladium Equity Partners Acquires ALC Schools and Red Rock Technology

Charlesbank Capital Partners Acquires EverDriven Technologies From Palladium Equity Partners

March 5, 2024

Transportation

Charlesbank Capital Partners, a Boston-based middle-market private investment firm, has acquired EverDriven Technologies, an alternative student transportation platform, from affiliates of Palladium Equity Partners. EverDriven—which serves nearly 700 school districts across 29 states and transports ~28,000 students annually—will partner with Charlesbank to invest in its routing technology, safety programs and nationwide expansion plans. Terms were not disclosed.

Shoreline Equity Partners Recapitalizes American Landscaping Partners; ALP Completes Seven Add-on Acquisitions

July 11, 2024

Environmental Services

Shoreline Equity Partners partnered with and made an equity investment in American Landscaping Partners (ALP) in August 2023, providing capital and senior financing (Apogem Capital and NXT Capital) to support ALP's growth while management retained an ownership stake. Since the partnership, ALP (headquartered in Nashville, Tennessee) has completed seven add-on acquisitions—Landscape Detail; Ultralawn; Ready Field Solutions; Maxalea; Swift Lawn & Land; Precision Landscape Management; and Appalachia Landscaping—expanding its footprint across Tennessee, Ohio, Georgia, Maryland, Alabama, Pennsylvania, and West Virginia.

Pilot Freight Services Acquires American Linehaul Corporation

July 30, 2021

Logistics & Distribution

Pilot Freight Services entered an asset purchase agreement with American Linehaul Corporation on July 30, 2021 to expand its middle‑mile expedited LTL capabilities. The deal—supported by Pilot’s backers ATL Partners and British Columbia Investment Management Corporation (BCI)—will keep ALC operating as a separate, neutral linehaul provider with founders Enzo and Beth Vartuli and their team remaining in leadership roles.

Palladium Equity Partners Acquires Majority Stake in Source Logistics

November 2, 2023

Logistics & Distribution

Palladium Equity Partners has acquired a majority stake in Source Logistics, a City of Industry, California-based 3PL provider serving Hispanic food & beverage and consumer goods brands. Palladium will invest alongside the company's founders, who will remain in leadership, and plans to support growth through organic investment and add-on M&A while leveraging Source Logistics’ 12 facilities and more than 2.3 million square feet across four states.

Crest Rock Partners Invests in Midalloy (Midwest Alloys & Technology & Midalloy Specialty Materials)

September 20, 2023

Manufacturing

Denver-based private equity firm Crest Rock Partners has made a control investment in Midwest Alloys & Technology, Inc. and Midalloy Specialty Materials, LLC (together, Midalloy). The investment will provide capital and operating support to help the supplier of specialty alloy welding consumables and bar/wire rod products expand capabilities and execute its strategic growth plan while the founders remain invested.

Alinda Capital Partners and USS Acquire PECO Pallet, Inc.

October 5, 2020

Logistics & Distribution

Investment funds managed by Alinda Capital Partners and the Universities Superannuation Scheme have agreed to acquire PECO Pallet, Inc., a leading North American provider of pooled rental pallets. PECO operates a network of more than 80 facilities and manages roughly 21 million pallets across the United States and Canada, providing recurring, asset-backed logistics services.