Logistics & Distribution Acquisitions in Georgia

Mantucket Capital Management Corporation, a Denver-based private investment firm and family office, has acquired Turbo Terminal Tractors, a Gainesville, Georgia-based provider of sales, leasing, rental, and service for terminal tractors used at warehouses, distribution centers and ports. The seller was an affiliated entity of Syfan Logistics; Mantucket said it will support Turbo's nationwide fleet, service capabilities and growth plans.

Cognosos has acquired Cox 2M (including the GearTrack product line) from Cox Communications to deepen its AI-driven real-time location and asset visibility capabilities. The deal brings vehicle telemetry, LTE/LoRa-compatible sensors and IoT engineering talent into Cognosos, expanding its reach across automotive, healthcare and logistics end markets.

Lazer Logistics has acquired GATT Yard Spotting Services, marking Lazer’s 12th strategic acquisition as it expands service density and geographic reach across the U.S. The deal adds 10 sites across six states (Florida, Georgia, Indiana, Mississippi, North Carolina and Virginia), including entry into West Palm Beach, FL and Roanoke, VA, and will be integrated into Lazer’s yard management platform to preserve customer continuity and scale operations.

Stord has acquired Ware2Go, the UPS-founded e-commerce fulfillment business, adding 21 fulfillment centers and approximately 2.5 million square feet of capacity to its network. The deal expands Stord's WMS/OMS/CX technology footprint, strengthens its partnership with UPS, and significantly increases its U.S. fulfillment reach for DTC and B2B customers.

ORS Nasco, a Wynnchurch Capital portfolio company, has acquired Techniweld USA, a wholesaler of welding, safety, and industrial supplies headquartered in Atlanta, Georgia. The acquisition expands ORS Nasco's presence in the welding market and broadens its product offering across welding consumables and safety products.

Imperative Logistics Group has acquired DTH Expeditors, a premium provider of next-flight-out and time-critical expedited logistics services based in the Atlanta area. DTH will be integrated into Imperative's ASAP Expediting offering to expand next-flight-out capabilities and strengthen service to healthcare, aerospace, and advanced manufacturing customers; DTH's CEO Mike Winslett will continue to lead the business.

Rent-A-Container, a Kinderhook Industries portfolio company, acquired the rental assets of Containerize Corp. The asset purchase increases RAC's available fleet in the Southeast to bolster its Douglas, Georgia branch and better serve demand across the Florida/Georgia market as part of RAC's ongoing expansion.

Lone View Capital, a growth-oriented private equity firm, has made a strategic investment acquiring a majority ownership stake in CargoSprint. The deal installs longtime board advisor Caro Krissman as CEO while founder Joshua Wolf moves to a board advisory role; Lone View said it will support increased R&D and the company’s next phase of growth.

Portabull Cold Storage has acquired Portable Refrigeration Storage, Inc. (PRS) to expand its electric-powered temporary on-site cold storage rental fleet and strengthen its presence in the Southeast United States. PRS’s customers and team will join Portabull as the company integrates PRS’s fleet to broaden service coverage and meet rising demand for sustainable, electric temporary cold storage solutions.

Sheer Logistics has acquired tech-enabled 3PL and freight brokerage CargoBarn to deepen its 3PL/managed transportation and freight brokerage capabilities. The deal expands Sheer's geographic footprint (adding CargoBarn offices in Fresno, Atlanta, Dallas and Jacksonville) and strengthens its ability to offer managed services and brokerage specialty lanes; terms were not disclosed.

Titanium Transportation Group (TSX:TTNM) acquired the assets and equipment of Crane Transport of Oakwood, Georgia, in a transaction valued at US$53 million plus US$6 million for real estate. The acquisition adds roughly 200 trucks, two terminals in Georgia and Alabama, and about US$60 million of annual revenue, accelerating Titanium’s U.S. expansion and bolstering its Southeast freight capacity.

Imperial Dade has acquired Columbus Paper Company, Inc. ("COPACO"), a family-owned distributor of industrial, foodservice and janitorial supplies operating throughout Georgia and Alabama. Financial terms were not disclosed; COPACO — founded in 1933 and managed by Michael and Steven Greenblatt — will be integrated into Imperial Dade’s national distribution platform to expand scale and product offering in the southern U.S.

EQT Infrastructure VI's value-add infrastructure fund (EQT Value-Add Infrastructure) has agreed to acquire Lazer Logistics from funds managed by Harvest Partners. The deal advances EQT's strategy in Transportation & Logistics and will support Lazer's growth initiatives, including fleet electrification and digitalization; financial terms were not disclosed and the transaction is expected to close in 2Q 2023.

Staci Group has acquired Amware Fulfillment LLC from Rotunda Capital Partners, combining Amware's 15 U.S. fulfillment facilities and tech-enabled services with Staci's global network to create a stronger North America–Europe multichannel fulfillment platform. Rotunda, the seller and Amware's prior majority investor, highlighted Amware's growth to nearly $200 million in revenue and a nationwide network spanning more than 2 million square feet.

Bluejay Capital Partners has completed its acquisition of Best Warehousing & Transportation Inc., a third-party logistics provider based in Atlanta with 30 locations across 15 states. The transaction was financed with participation from Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank; BWT's CEO Winston McDonald Jr. retains a sizable ownership stake.

Russell A. Farrow (U.S.) Inc. purchased a majority interest in DJ Powers Co. Inc., a Savannah, Georgia-based customs brokerage and freight forwarder, effective August 31, 2022. The deal gives Farrow expanded coverage along the lower U.S. eastern seaboard and international footprint, while DJ Powers' leadership (Rhett Willis and Eric Bakker) remain as minority shareholders and continue in their roles.

Clover Imaging Group has acquired all operating assets of Phoenix Direct, LLC, a Duluth, Georgia–based eCommerce fulfillment and marketing services provider. The deal expands Clover's capabilities into end-to-end DTC fulfillment, customer service, and marketing to complement its returns management, asset renewal and redistribution platform as part of a diversification and growth strategy.

Chicago-based private equity firm Red Arts Capital has acquired Acworth, Georgia-based contract packaging and 3PL provider Coregistics. The deal expands Red Arts' portfolio in contract logistics and packaging services to capitalize on continued e-commerce growth; terms were not disclosed.

EPES Logistics Services, a third-party logistics provider based in Greensboro, North Carolina, acquired A. Cooper Logistics Inc., a regional freight brokerage based in Oakwood, Georgia, effective May 1, 2022. The acquisition expands EPES's regional footprint around Atlanta, adds brokerage and truckload expertise, and provides A. Cooper’s customers access to EPES’s broader services and cross-border capacity.

Parts Town has acquired Encompass Supply Chain Solutions, a national distributor of OEM repair parts and provider of supply-chain and repair services for home products. Encompass, headquartered near Atlanta and generating roughly $200 million in revenue with ~250 employees and six distribution facilities, was previously a platform in Comvest Partners' portfolio; financial terms were not disclosed.

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Bo's Pallets, a family-owned pallet recycler based in Adairsville and McIntyre, Georgia. The add-on expands 48forty's pallet recycling and automation capabilities across its national pallet management network; terms were not disclosed.

Denver-based Keg Logistics has acquired 124 HopGistics LLC, an Atlanta-based provider of kegs and keg-management services to the craft brewing industry. The deal expands Keg Logistics' customer base and service offerings (including pay-per-fill, rental and export programs) and strengthens its talent and logistics capabilities; Keg Logistics is a portfolio company of Seaport Capital.

HC Private Investments (HCPI) announced a strategic growth investment in Customized Distribution LLC (CDI), a Norcross, Georgia-based dedicated logistics and distribution provider serving the quick service restaurant (QSR) industry. Proceeds will fund geographic expansion and a digital transformation into a technology-led logistics, with industry veteran Dick DiStasio joining CDI as Chairman and CEO; founder Marc Gruber transitions to an advisory role.

Mike Dames, supported by Halstatt Legacy Partners, has acquired The Colography Group, an Atlanta-based market intelligence and consulting firm focused on the parcel shipping industry. The deal transfers ownership from retiring owner Mark Schoeman; Dames becomes President and plans to prioritize hiring a Vice President of Operations to support continued growth and client service continuity.

Forward Air Corporation agreed to acquire the assets of J&P Hall Express, a privately held expedited transportation provider headquartered in Atlanta, Georgia. The asset purchase (expected to close in May 2021) expands Forward Air's LTL pickup-and-delivery footprint in southern Georgia and northern Florida, adding approximately $15.8 million in annual revenue, ~70 trucks and about 110 employees.

O2 Investment Partners has made a significant investment in Flip Electronics, partnering with CEO Jason Murphy and management to support the company's next stage of growth; terms were not disclosed. Flip Electronics is an authorized specialty distributor of electronic components focused on end-of-life (EOL), obsolete, and hard-to-find parts, headquartered in Roswell, Georgia. Financial partners PNC Business Credit and Capital Southwest Corporation participated in the financing and Citizens M&A Advisory ran the sale process.

Magnate Worldwide, a portfolio company of CIVC Partners, has acquired Hybrid International Forwarding, LLC and will integrate the business into its Masterpiece International subsidiary. The acquisition expands Magnate/Masterpiece’s ocean import capabilities and strengthens its Atlanta presence, giving Masterpiece access to Hartsfield-Jackson and nearby ports; Hybrid founder Andy Heller will join the combined organization.

Imperial Dade has entered into a definitive agreement to acquire Paper Chemical Supply Company, a family-owned janitorial supplies distributor based in Savannah, Georgia. The deal expands Imperial Dade's Southeast footprint (adding Savannah and Charleston locations) and strengthens its national distribution platform; financial terms were not disclosed.

H.I.G. Capital agreed to acquire a majority stake in Capstone Logistics, a Peachtree Corners, Georgia–based third‑party logistics provider, from an affiliate of The Jordan Company. Capstone’s management, led by CEO Steve Taylor, will remain shareholders and TJC will retain a minority stake and reinvest; the deal is positioned to accelerate Capstone’s organic growth and acquisition strategy.

All Star Auto Lights, a portfolio company of Atlantic Street Capital, acquired Headlights 101, a Fayetteville, Georgia-based provider of premium refurbished headlights. The add-on expands All Star's southeast footprint by adding a refurbishment and distribution hub with one-day shipping capabilities; Headlights 101's owner Joe Bedwell will continue as General Manager.

Comvest Partners has led a management-backed recapitalization of Encompass Supply Chain Solutions, a U.S.-based distributor of OEM repair parts and provider of 4PL, depot repair and reverse logistics services. The capital will support Encompass' growth plans, including technology upgrades and automation to strengthen its parts distribution and supply-chain service offerings.