Logistics & Distribution Acquisitions

Wrist announced the acquisition of Delaware Ship Supply, a maritime supplier based in Camden, New Jersey. The deal expands Wrist’s commercial and operational presence along the U.S. East Coast and Delaware Ship Supply will be rebranded as Wrist Delaware.

HCI Equity Partners-backed Driven Distribution Group acquired the auto parts and accessories distribution business of Chicago Parts & Sound (CPS) in October 2024. The announcement was referenced alongside Driven Distribution’s earlier recapitalization of Tri-State Enterprises, Inc. in November 2023 as part of building an automotive aftermarket distribution platform.

Nippon Express Holdings, Inc. (NXHD) agreed to acquire all shares of SH HoldCo GmbH (Simon Hegele), a Germany-based contract logistics group specializing in healthcare logistics, making it a fully owned subsidiary. NXHD entered into a sale and purchase agreement with Simon Hegele’s shareholders on September 30, 2024 (Japan time). The acquisition is intended to combine NX Group’s global network with Simon Hegele’s healthcare logistics expertise.

Rotunda Capital Partners has invested in Lehman Pipe and Supply, Inc. in partnership with the company’s existing management. Lehman, headquartered in Miami, Florida, distributes industrial pipe, valves and fittings and related products to commercial HVAC and plumbing contractors across South/Southwest Florida and international markets.

One Equity Partners (OEP) has completed the sale of ORS Nasco, the Industrials business of ORS Medco, in a private transaction with undisclosed financial terms. ORS Nasco is a North American wholesale distributor of industrial maintenance, repair and operations (MRO) products serving industrial, safety, welding and construction end markets.

PSC Group announced it has acquired Delta Petroleum Company, expanding PSC’s on-site logistics and repair services footprint in the petrochemical sector. Following the transaction, Delta will be owned by PSC Group and will no longer be a subsidiary of Greif, Inc. PSC Group is a portfolio company of private equity firm TJC LP.

FST Logistics, a 100% employee-owned third-party logistics (3PL) company headquartered in Dublin, Ohio, has acquired Dancer Logistics of Delphos, Ohio. The deal expands Dancer Logistics’ access to FST’s customer base and warehouse footprint, supporting growth and broader logistics and supply chain service capabilities.

Knight-Swift Transportation Holdings announced it is acquiring the less-than-truckload (LTL) operations of Dependable Highway Express to strengthen its West Coast LTL footprint and advance its plan to build a nationwide LTL network. The acquired terminals and related assets will be integrated into Knight-Swift’s AAA Cooper division, with former DHE COO Joe Finney set to lead the unit as president.

House-Hasson Hardware finalized the acquisition of Bostwick-Braun Hardware’s warehouses and inventory, expanding its distribution footprint and product availability. The deal adds two warehouses in Indiana and Arkansas and more than 45,000 SKUs, along with the transition of 75 former Bostwick-Braun employees into House-Hasson.

Wellington Group of Companies acquired Contract Express in an undisclosed deal. The acquisition expands Wellington’s brokerage, truckload, and LTL logistics services across the United States and Canada, while maintaining Contract Express’ brand and operations.

Magnate Worldwide acquired Quality Air Forwarding, a mission-critical logistics provider headquartered in Milwaukee, Wisconsin. The deal expands Magnate’s Domestic Mission Critical and expedited transportation capabilities and strengthens its regional presence in the Wisconsin Manufacturing Corridor.

RK Logistics Group Holdings, Inc. acquired New York-based On Time Trucking to expand its logistics and trucking footprint into the Northeast United States. The acquisition adds regional LTL delivery and warehousing capacity in the Tri-State area and strengthens RK’s ability to provide lithium-ion battery and specialized materials storage services for energy transition customers. On Time Trucking founder Daniel Leitgeb will remain with the business as President.

Mullen Group Ltd. entered into a letter of intent to acquire ContainerWorld Forwarding Services Inc. and its operating subsidiaries, a Richmond, British Columbia-based logistics provider focused on alcoholic beverage and hospitality supply chains. The transaction is expected to close in Q2 2024 subject to due diligence, regulatory approval, and final closing conditions, and will be funded from Mullen Group’s existing credit lines. ContainerWorld will operate within Mullen Group’s Logistics & Warehousing segment and founder Dennis Chrismas will continue to oversee the business during the transition.

SC Warehouses, LLC (Yandell) completed the acquisitions of Eagle Transportation Company Inc. and Redwood Empire Wine Storage, Inc., both based in Santa Rosa, California. The transactions expand Yandell’s geographic footprint and broaden its wine-industry logistics offering to include bulk tanker transportation as well as temperature-controlled storage and direct-to-consumer (wine club) fulfillment.

Blue Wolf Capital Partners, in partnership with Stonepeak, completed the acquisition of Montreal-based LOGISTEC Corporation in an approximately C$1.2 billion transaction. Following the close, LOGISTEC will remain headquartered in Montreal and Sean Pierce was appointed CEO, replacing Madeleine Paquin.

Imperial Dade, a packaging and janitorial-supplies distributor, acquired Insight Distributing, which serves foodservice locations in Idaho and Washington. Deal terms were not disclosed, and Imperial Dade said Insight’s two Pacific Northwest facilities will remain in operation. The transaction marks Imperial Dade’s 77th acquisition since the Tillis family assumed control in 2007.

Vestar Capital Partners has completed the sale of Edward Don & Company (DON), a distributor of foodservice equipment and supplies, to Sysco Corporation. Financial terms were not disclosed. DON will operate as a standalone specialty division within Sysco, with CEO Steve Don continuing to lead the business.

Palladium Equity Partners acquired a majority stake in Source Logistics, a third-party logistics (3PL) provider offering value-added warehousing, distribution, and fulfillment services focused on Hispanic food and beverage brands. The company’s founders, Marcelo Sada and Raul Villarreal, will continue to lead the business, with Palladium investing alongside them. Financial terms of the transaction were not disclosed.

Imperial Dade, a distributor of foodservice packaging, printing papers, and janitorial supplies, has acquired Ralik. Ralik, founded in 1997, is a distributor of paper goods, packaging materials, and safety and janitorial products. Financial terms of the private transaction were not disclosed.

H.I.G. Capital signed a definitive agreement to acquire Ascent Global Logistics, a technology-enabled provider of expedited logistics and supply chain solutions. The company is being acquired from affiliates controlled by Elliott Investment Management L.P., which will retain a minority stake, while Ascent’s management team will remain shareholders.

LongueVue Capital (LVC) partnered with founder/CEO Jeff Rossier to recapitalize TTi Logistics and provide growth capital to fund the company’s expansion. TTi Logistics is an asset-light third-party logistics provider offering white-glove transportation, storage, and installation services from its headquarters in Jacksonville Beach, Florida.

Angeles Equity Partners, LLC acquired Custom Goods, LLC, an asset-light third-party logistics (3PL) provider offering warehousing, value-added fulfillment, and transportation solutions across the United States. Custom Goods will partner with Angeles and its management team to pursue organic growth and follow-on M&A; financial terms were not disclosed. Custom Goods was previously owned by Soundcore Capital Partners alongside the management team.

ModuGo, a portfolio company of Kinderhook Industries, acquired Michigan-based A1 Mobile Storage Leasing LLC on July 7, 2023 to expand its portable storage container leasing footprint in the Midwest. As part of the deal, ModuGo also acquired Total Transportation, an affiliated hauling operation that provides delivery and pickup services. Founder Bill Moore will remain involved post-close as an investor and consultant; financial terms were not disclosed.

Alba Wheels Up, a logistics services provider backed by Southfield Capital, acquired V.T. Mancusi, Inc., a customs brokerage and trade compliance firm focused on the flavors and fragrances end markets. The transaction expands Alba’s customs brokerage and trade compliance capabilities, including expertise in foreign trade zone (FTZ) processing, with V.T. Mancusi joining Alba’s team in Valley Stream, New York.

Incline Equity Partners, a Pittsburgh-based private equity firm, acquired GME Supply Co., an omni-channel distributor of fall protection, safety, and productivity equipment. Headquartered in Columbia, Missouri, GME serves telecom, utility, aerial construction, renewable energy, and other industrial end markets, providing expedited delivery and value-added services such as curated kitting and certified training.

Imperial Dade acquired Triple F Distributing, a leading Hawaii-based distributor of foodservice packaging, janitorial supplies, and sustainable packaging. Triple F was owned by Invision Diversified Holdings, LLC, and will continue operating with its existing local management team. Financial terms were not disclosed.

Vino Vault acquired Western Carriers' private collector business, including its wine cellar transportation operations serving collectors, auction houses, and retailers. The deal expands Vino Vault’s fine wine storage and temperature-controlled logistics capabilities, strengthening its presence in the New York City market and broadening services such as inventory management and auction advisory.

Shoreline Equity Partners completed the sale of its portfolio company Florida Veg Investments, LLC (doing business as Mr. Greens) to Sterling Investment Partners. Mr. Greens is a value-added distributor of produce, dairy, and dry goods headquartered in Miami, Florida, and its leadership team will continue to lead the business while retaining a significant ownership stake.

Flexport announced it will acquire the assets of Shopify Logistics, including Deliverr, expanding its end-to-end logistics and fulfillment capabilities. The transaction will make Flexport the primary provider of Shop Promise for Shopify merchants and integrate Shopify Logistics operations into Flexport after closing in the coming weeks.

Red Arts Capital announced that its portfolio company, Partners Warehouse, completed an add-on acquisition of FLEX Logistics, a third-party logistics (3PL) warehousing provider. FLEX Logistics, headquartered in Eastvale, California, operates nearly 900,000 square feet of warehousing space and supports customers with West Coast warehousing and distribution services across several end markets.

LongueVue Capital (LVC) partnered with CEO Frank Anderson and management to recapitalize RBW Logistics and provide growth capital to support its expansion across the Southeastern United States. RBW Logistics, headquartered in Augusta, Georgia, provides third-party logistics services including warehousing, fulfillment, and other value-added services.

R&R Express Family of Companies announced the acquisition of Load to Ride (LTR), a regional and national transportation and logistics provider based in Denver, Colorado. The deal expands R&R Express’ fleet and terminal network, adding greater West Coast reach (including California) and enhancing warehousing, storage, and maintenance capabilities.

Jones Logistics (JoLo), a portfolio company of Jones Capital, has acquired Nationwide Express to expand its national transportation and logistics footprint. The deal adds dedicated trucking, warehousing, 3PL logistics, and related capabilities across multiple Southern and Central U.S. states, enhancing JoLo’s service offerings and purchasing power.

Ridgemont Equity Partners announced the recapitalization of RoadOne IntermodaLogistics, an intermodal logistics solutions provider in North America. Nonantum Capital Partners, which acquired a majority stake in RoadOne in 2019, remains meaningfully invested alongside Ridgemont, with continued participation from RoadOne’s management and co-founders.

Alterna Equity Partners (AEP) completed the acquisition of the Bulk Express family of companies, including Bulk Express Transport, Soil Tech Distributors, M3 Transport, and Inter City Disposal. Headquartered in Miami, Florida, Bulk provides long-haul transportation and logistics services focused on hauling and handling waste and other specialty materials across the state. Financial terms were not disclosed.

Quantix, a portfolio company of Wind Point Partners, acquired Mid-States Packaging, a provider of dry bulk transportation, warehousing, and export services. The deal strengthens Quantix’s geographic footprint and expands its warehousing and trucking transportation operations across multiple regions including Texas, the Northeast, and the Mid-Atlantic.

Pike Street Capital-backed QuickBox Fulfillment announced a strategic investment in (acquisition of) El Mar Logistics, a warehousing, fulfillment, and distribution services provider based in Carson, California. The transaction expands QuickBox’s network with a fourth geography in Southern California and increases service options for clients, including improved access to major US ports. Pike Street Capital provided additional capital to support the investment.

Alba Wheels Up, backed by Southfield Capital, acquired KSI Corp., a San Francisco-based provider of customs brokerage services. The deal expands Alba’s West Coast footprint and adds KSI’s expertise serving biotech and semiconductor end markets.

Quantix, a portfolio company of Wind Point Partners, acquired G&W Tanks, a provider of ISO tank transportation and related repair, storage depot, wash, and loading services. The acquisition strengthens Quantix’s ISO tank platform and expands its logistics and maintenance presence in the Southeastern United States, with G&W operating in Charleston, South Carolina and Savannah, Georgia.

KKR signed a definitive agreement to acquire Apax Funds’ majority interest in Boasso Global, Inc., a provider of depot, maintenance, cleaning, and ISO tank transportation services across North America and Europe. The investment is being made through KKR Global Infrastructure Investors IV, and financial terms were not disclosed.

CPC, LLC completed the acquisition of Component Sourcing International (CSI), a global supply chain solutions provider headquartered in Charlotte, North Carolina. CSI was acquired from its current management team and Argosy Capital, and will continue to be led by the existing management team, with some continuing as owners.

Outdoor Living Supply (OLS), a distributor of outdoor living and hardscape products, has acquired Stone Garden, an independent distributor of natural and cultured stone, landscape, and hardscape supplies. Stone Garden is based in Wilmington, North Carolina and serves the Cape Fear region, expanding OLS’s footprint in the Carolinas into the coastal market. Founder Nina Brown will continue to lead the business following the acquisition.

An affiliate of Peak Rock Capital completed the acquisition of The Tranzonic Companies in partnership with Tranzonic’s management team. Tranzonic is a distributor and provider of manufacturing and distribution solutions for consumable cleaning and hygiene products serving healthcare, foodservice, and facility services end markets, and is headquartered in Cleveland, Ohio.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital and parent of multiple DSD distribution businesses, acquired Marina Ice Cream Corp. Marina is a full-service direct store delivery distributor of ice cream and other food & beverage products serving the New York Metro area, and the deal expands GlacierPoint’s regional footprint and product portfolio.

FleetPride, Inc. acquired the assets of L&L Distributors, a Florida-based heavy duty aftermarket truck and trailer parts distributor owned by Raymond Marchesiello. The deal adds three locations in Florida (Pompano Beach, Riviera Beach, and Fort Pierce) to FleetPride’s network, expanding its service footprint and capabilities in the region.

ARKO Corp.’s subsidiary GPM Investments LLC closed its acquisition of Quarles Petroleum Inc.’s fueling cardlock and fuel distribution business. The transaction includes 121 Quarles-branded cardlock sites, management of 63 third-party cardlock sites, 46 independent dealer locations, and a small transportation fleet across parts of the Mid-Atlantic.

Clover Imaging Group acquired all operating assets of Phoenix Direct, LLC, a provider of eCommerce fulfillment and marketing services. The deal expands Clover’s capabilities into direct-to-consumer fulfillment and related services as part of its diversification and growth strategy. Phoenix Direct is headquartered in Duluth, Georgia.

Bonsai Capital, backed by family offices, announced the acquisition of DC Logistics, a third-party logistics (3PL) provider focused on LTL, warehousing, and inventory management. The transaction was funded by a group of investors including Crow Holdings, and Bonsai plans to accelerate DC Logistics’ expansion and operational improvements.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, acquired Southern Ice Cream and Gourmet Foods, a full-service distributor of ice cream and related products across North and South Carolina. The deal expands GlacierPoint’s direct store delivery distribution footprint from South Carolina north to the U.S./Canadian border and establishes a new GlacierPoint Carolinas division. Southern’s owners Kim and Chance DelCastillo will remain in senior advisory roles, while Southern GM Bailey Jordan will lead the new division as President.

InDyspensable Wholesale Distributors Corp. (IDY Distributors) entered into an agreement to acquire all current assets of Lowspark, Inc., including its fleet, warehousing equipment, and 2022 distribution contract services. Financial terms were not disclosed, and the transaction is expected to close in the third quarter of 2022 subject to Marijuana Enforcement Division and local licensing approvals. The deal is intended to expand IDY’s Colorado service coverage and logistics capacity.

Hillcore Group has completed the acquisition of Active Warehousing Inc. Active Warehousing is a third-party logistics (3PL) and transload provider headquartered in Edmonton, Alberta, serving forestry and industrial end markets and moving rail and ocean containerized products to domestic markets and export ports.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, has partnered with Gillette Creamery, a direct store food and ice cream distributor serving Eastern New York and surrounding states. The transaction adds Gillette to GlacierPoint’s distribution platform, expanding coverage from the Mid-Atlantic to the U.S./Canadian border and supporting growth in GlacierPoint’s foodservice distribution business. Gillette will continue to be led by the Gillette brothers alongside GlacierPoint’s management team.

WILsquare Capital announced the sale of Crown Products, Inc., a distributor of flooring and flooring installation products, to Shoreview Industries. Financial terms were not disclosed. Crown is headquartered in Bloomington, Minnesota and has grown through multiple acquisitions during WILsquare’s ownership period.

American Expediting acquired Crosstown, Inc. to expand nationwide coverage and strengthen its delivery network in the Tennessee Valley region. Crosstown, a courier transportation provider focused on life sciences deliveries, will continue operating under the day-to-day leadership of its president Steve Seger as the businesses integrate.

Novacap-backed GTI Transport Solutions Inc. acquired Foxconn Logistics, an asset-light contract brokerage focused on container management and drayage within intermodal logistics. The deal expands GTI’s container transport and managed transportation capabilities and strengthens its north-south corridor focus between Montreal and Texas.

AOI Capital, leading a group of investors, has acquired RK Logistics Group, a Silicon Valley provider of warehousing, eCommerce fulfillment, and supply chain management services. RK Logistics’ existing management team will remain in place to operate the business under the new ownership. Following the transaction, founder and chairman Rod Kalune retired.

Harkness Capital Partners closed the sale of Kane Logistics, a third-party logistics (3PL) provider, to ID Logistics of Paris, France. Kane Logistics is headquartered in Scranton, Pennsylvania and provides value-added warehousing and distribution, e-fulfillment, contract packaging, cross-docking, and transportation management services. Following the acquisition, Kane will serve as a platform for ID Logistics’ U.S. operations.

Huron Capital Partners acquired Tipton Holding Group, the parent company of Hoosier Logistics, and plans to merge Hoosier into its third-party logistics platform, Direct Connect Logistix (DCL). The transaction expands DCL’s North American transportation management footprint and deepens capabilities in time-sensitive and temperature-controlled freight brokerage, particularly serving food and beverage customers.

Parts Town, a genuine OEM parts distributor backed by parent PT Holdings, has acquired Encompass Supply Chain Solutions, a national distributor of OEM repair parts for the home. Encompass will continue to be led by its president and CEO Robert Coolidge and will operate as a separate entity within PT Holdings alongside Dayton Appliance Parts, expanding Parts Town’s residential appliance and consumer electronics parts offerings.

STG Logistics acquired the intermodal division of XPO Logistics, creating a combined business that will operate under the STG Logistics name as a leading North American port-to-door containerized logistics provider. In connection with the transaction, STG—owned by Wind Point Partners since 2016—was recapitalized by Wind Point Partners alongside funds managed by Oaktree Capital Management.

Pearlman Group, a portfolio company of The Stephens Group, acquired CleanSource, Inc., a specialty distributor of professional cleaning and disaster restoration supplies and services. CleanSource is headquartered in Columbia, South Carolina and operates an additional location in Charlotte, North Carolina. Transaction terms were not disclosed and CleanSource’s leadership team will continue operating the business in partnership with Pearlman.

Fourshore Partners acquired Buske Logistics, a third-party logistics (3PL) provider offering contract logistics and supply chain solutions. Buske Logistics serves customers across the U.S., Canada, and Mexico and operates more than 4.5 million square feet of warehouse space across over 20 locations in the U.S. and Canada.

Transport Investments, Inc., a Gemspring Capital portfolio company, acquired SmartWay Transportation, LLC. SmartWay is a multi-modal freight brokerage and transportation management company based in Overland Park, Kansas, and will leverage Transport’s broader logistics capabilities to expand service offerings and continue growth.

Lineage, LLC acquired MTC Logistics, a cold-chain warehousing and logistics provider with four facilities located on or near major U.S. East and Gulf Coast ports. The deal adds nearly 38 million cubic feet of temperature-controlled capacity and more than 113,000 pallet positions to Lineage’s U.S. network. MTC Logistics was previously a wholly owned subsidiary of Hoffberger Holdings, Inc.; financial terms were not disclosed.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, announced it has partnered with A. Panza & Sons, a family-owned distributor of soft-serve ice cream mixes and related products. The combination is intended to expand GlacierPoint’s foodservice distribution capabilities and broaden product offerings, while Panza’s leadership team remains in place to drive continued growth.

Direct Connect Logistix (DCL) announced it has acquired Draper, Utah-based Performance Logistics, LLC, combining two third-party logistics providers to expand DCL’s national footprint. The transaction strengthens DCL’s temperature-controlled food and beverage transportation capabilities and adds a strategic presence in the Mountain West. Terms were not disclosed; DCL is backed by Huron Capital, which acquired DCL in 2018.

PennSpring Capital acquired a majority interest in Burch Materials & Supplies (BMS), a Malvern, Pennsylvania-based provider of equipment, parts, and supplies to the aggregate, mining, and material processing industries. The deal positions PennSpring to partner with BMS management to support the company’s next phase of growth and expansion of its distribution and service capabilities.

Salt Creek Capital (SCC) acquired All Metals Industries, Inc. (AMI), a distributor of sheet/coil and other steel and aluminum products serving customers across the Northeast United States. AMI, founded in 1986 and headquartered in Belmont, New Hampshire, will partner with SCC alongside its management team led by CEO Heidi Paiva and President Paul Koza. AMI owner Terry W. Robinson commented on the sale and SCC indicated it views AMI as a platform for future expansion.

Carlyle announced that funds it manages have sold Thomas Scientific, a distributor and strategic sourcing partner to the life sciences industry, to Broad Sky Partners. Financial terms were not disclosed. Carlyle had owned Thomas Scientific since 2017 and supported its growth and expansion, including through add-on acquisitions and entry into higher-growth end markets.

Harbour Group acquired DecksDirect, LLC, adding the premium deck-products distributor to its family of companies. DecksDirect is a direct-to-job-site distributor operating through an established e-commerce platform and is headquartered in Minneapolis, Minnesota. Founder Blair Budlong will continue to serve as CEO; financial terms were not disclosed.

Sun Capital Partners, Inc. announced that an affiliate has completed the acquisition of Total Transportation Services (TTSI), a leading U.S. provider of drayage transportation services. Headquartered in Rancho Dominguez, California, TTSI provides port and rail drayage along with regional trucking, warehousing, and brokerage services across major U.S. logistics hubs.

OpenGate Capital acquired Chemsolv Inc., a regional distributor of commodity and specialty chemicals and provider of value-added services. The business was acquired from the Austin family, who will retain an ownership stake and continue in operating roles. Financial terms were not disclosed.

Dunes Point Capital, LP sold Professional Plumbing Group Inc. (PPG) to Marcone, a portfolio company of Genstar Capital Partners. Headquartered in Concordville, Pennsylvania, PPG distributes plumbing products for repair and remodel applications, including proprietary brands Wolverine Brass and Speakman as well as third-party products.

KCM Capital Partners LLC completed the acquisition of ICAT Logistics, Inc., a global freight forwarder headquartered in Elkridge, Maryland. The transaction was completed in partnership with founder and CEO Rick Campbell, with additional investment support from Lightspring Capital Partners and Midwest Mezzanine Funds. Terms of the transaction were not disclosed, and ICAT’s existing leadership team will continue to run day-to-day operations.

LongueVue Capital (LVC) partnered with Wagner Logistics to recapitalize the business and provide growth capital to support continued expansion. Wagner Logistics is an asset-light third-party logistics (3PL) provider focused on contract warehousing, fulfillment, and related transportation services, and will become LongueVue Capital III's 12th platform investment.

SIB Fixed Cost Reduction (backed by O2 Investment Partners) made a strategic investment in Shipware. Shipware provides shipping contract optimization, benchmarking and analytics, spend management reporting, and automated invoice audit services to help clients reduce parcel and LTL transportation costs.

PT Holdings, LLC acquired Duffy's AIS and added it to its PT Holdings Service division, expanding its distribution and service footprint for genuine OEM foodservice parts. Duffy's AIS will continue to operate as a separate company within PT Holdings under the ongoing leadership of Patrick Duffy and Wayne Stoutner.

SDS Rx, a portfolio company of HCI Equity Partners, acquired Mission Critical Delivery Solutions on December 1, 2021. Mission Critical, headquartered in Bangor, Maine, provides non-asset-based logistics management for critical pharmaceutical deliveries, and the deal expands SDS Rx’s geographic coverage and route density in healthcare logistics. Financial terms were not disclosed.

H.I.G. Capital completed the acquisition of a majority stake in Grupo Ransa, a leading third-party logistics (3PL) provider in Latin America. Grupo Romero, a longstanding shareholder, will remain invested as a strategic partner alongside H.I.G., and Ransa’s existing management team will continue to run the business. Financial terms were not disclosed.

QuickBox Fulfillment, a portfolio company of Pike Street Capital, acquired Swan Packaging Fulfillment, a provider of fulfillment and packaging services for D2C and B2B businesses. The combination expands the company’s shipping footprint and value-added services across three locations, and Pike Street Capital provided additional capital to support the investment. Swan’s owner, Tim Werkley, will take on a leadership role within the combined organization.

PT Holdings, LLC acquired K&D Factory Service and Pine Tree Food Equipment, adding both businesses to its PT Holdings Service division. K&D (which previously acquired Pine Tree Food Equipment in 2019) will continue to operate under its existing brands as a separate company within PT Holdings, led by Dan Dibeler.

Wholesale Produce Supply LLC (WPS) announced that its parent holding company has been acquired by an investor group led by Cross Rapids Capital L.P., which also includes The Baupost Group. Prior to the transaction, WPS was owned by affiliates of Mill City Capital L.P.

Alliance Ground International (AGI) has acquired MIC Cargo, doing business as Maestro International Cargo, an air cargo ground handling company headquartered in Chicago, Illinois. The deal expands AGI’s warehouse and aircraft parking capacity at Chicago O'Hare (ORD), increasing the combined ORD warehouse footprint to over one million square feet and strengthening AGI’s North American air cargo handling presence.

FreshEdge, a family of produce and specialty food companies backed by Rotunda Capital Partners, acquired Vine Line, a fresh produce distributor in the Grand Rapids, Michigan area. The acquisition expands FreshEdge’s footprint in Michigan and adds warehouse capacity and logistical support to serve a growing customer base. Terms were not disclosed; the deal closed on October 7, 2021.

Ironbridge Equity Partners, together with management, completed the sale of Alliance Corporation to an entity controlled by Lee Equity Partners and Twin Point Capital. Financial terms were not disclosed. Alliance is a value-added distributor of wireless communications technology serving wireless carriers across North America.

Whiplash announced it has acquired Enlinx, a third-party logistics (3PL) fulfillment provider based in Salt Lake City, Utah. The deal expands Whiplash’s U.S. fulfillment network with a strategic Western node to support growing direct-to-consumer ecommerce and omnichannel demand.

E&M Logistics, Inc., a direct store delivery distributor of ice cream, frozen and fresh foods, and beverages, announced a partnership that will place the company under the ownership of Mill Point Capital LLC. Following closing, industry veteran Jim Schubauer is expected to become Executive Chairman and CEO, with continued involvement from founder Martin Kelly.

Court Square Capital Partners completed a recapitalization of The Evans Network of Companies (Evans), which was previously a portfolio company of Calera Capital. William Blair served as the lead financial advisor to Evans and Calera on the transaction. Evans is a non-asset-based logistics platform providing services to an agent network across intermodal drayage, truckload, and freight brokerage.

Pearlman Group, a portfolio company of The Stephens Group, acquired Kimelmac, Inc. (doing business as Excel Cleaning and Restoration Supplies). Excel is a Florida-based specialty distributor serving the professional carpet cleaning and disaster restoration markets, and the transaction closed on September 1, 2021. Excel’s owners and management team will continue to operate the business in partnership with Pearlman.

Odyssey Investment Partners acquired Painters Supply & Equipment Co. (PSE), a specialty distributor of paint, coatings, and related consumables serving automotive refinish, commercial, and diversified industrial end markets. Financial terms were not disclosed. PSE is headquartered in Taylor, Michigan and operates a multi-state branch and distribution network.

Aterian Investment Partners, through its portfolio company Xpress Global Systems (XGS), acquired SSBB Inc. and its affiliates, collectively known as Michigan Carpet / Delta Distribution. The target is a specialized flooring less-than-truckload transportation company headquartered in Grand Rapids, Michigan, and the deal is intended to expand XGS’s Midwest network and capacity.

A&R Logistics, a portfolio company of Wind Point Partners, announced the acquisition of RJ's Transportation, a provider of bulk liquid transportation and other logistics services to the chemical industry. The deal strengthens A&R’s Gulf Coast footprint and expands its liquid chemical logistics platform, marking another add-on under Wind Point’s ownership.

RelaDyne announced the acquisition of Alexis Oil Company and Global Industrial Solutions (collectively “Alexis/GIS”), a lubricant and commercial fuels distributor and industrial reliability services provider. The transaction expands RelaDyne’s footprint into Southern California and strengthens its presence in Arizona.

Valley Produce, a distributor of fresh produce and specialty products near Knoxville, Tennessee, has joined FreshEdge, a family of produce and specialty food distribution companies backed by Rotunda Capital Partners. The deal, which closed June 30, 2021, expands FreshEdge’s presence in eastern Tennessee and supports further growth across the southeastern United States. Terms of the transaction were not disclosed.

Pike Street Capital, LLC announced an investment in Motivational Fulfillment and Logistics Services (MFALS), a Chino, California-based provider of fulfillment, shipping, packaging, and related value-added logistics services for retail and direct-to-consumer clients. The investment is intended to support MFALS’s expansion of geographic reach and facilities and to further develop its proprietary technology systems. MFALS’s existing leadership team will continue to run day-to-day operations following the investment.

GHK Capital Partners LP completed the acquisition of ITS Logistics, a U.S.-based third-party logistics provider. The deal is intended to support ITS Logistics’ growth initiatives, including expansion of services and its physical footprint across North America; financial terms were not disclosed.

Worldwide Express, LLC and GlobalTranz Enterprises, LLC announced they will combine to form a larger technology-driven, non-asset-based third-party logistics provider. The transaction is sponsored by an investor consortium led by CVC Capital Partners along with GlobalTranz’s lead investors Providence Equity Partners and PSG, with Ridgemont Equity Partners and management teams retaining a significant stake; closing is expected in Q3 2021.

Gemspring Capital Management LLC announced that an affiliate has invested in Transport Investments, Inc. alongside the company’s executive team. Transport provides asset-light heavy haul, flatbed, and specialized transportation and logistics services across North America and plans to expand its network, value-added services, and pursue strategic acquisitions with Gemspring’s backing.

GlobalTranz Enterprises, LLC acquired TAKTIK Logistics Group, Inc., a freight brokerage and logistics company based in Pleasanton, California. The deal strengthens GlobalTranz’s freight brokerage network, and TAKTIK’s Pleasanton office will become a GlobalTranz branch led by TAKTIK CEO Tyson Lawrence.

Redwood Logistics has acquired Skipjack Supply Chain and Proactive Global Logistics (PGL) to launch Redwood Parcel, an integrated parcel solution. The combined offering leverages Skipjack’s multi-carrier SaaS parcel technology and PGL’s non-asset-based parcel services expertise to provide rating, labeling, visibility, analytics, reporting, and optimization for shippers.