Logistics & Distribution Acquisitions in Indiana

FitzMark LLC, a Calera Capital‑backed third‑party logistics provider headquartered in Indianapolis, acquired Hometown Logistics LLC, a truckload transportation services provider based in Indianapolis, on September 2, 2025. The add‑on deal expands FitzMark’s dry van and flatbed offerings and brings Hometown’s leadership and ~100+ employees into the FitzMark platform; financial terms were not disclosed.

DHL Supply Chain, a unit of Deutsche Post, has acquired Indiana-based IDS Fulfillment to expand its U.S. warehousing and fulfillment network for small and midsize e-commerce customers. The deal (terms undisclosed) brings roughly 1.3 million square feet of warehouse and distribution space across three states and was agreed before recent tariff changes.

BFG Supply Co. has acquired VG Supply, a regional distributor of lawn, garden and outdoor living supplies with a distribution center in Munster, Indiana. The deal expands BFG’s Midwest footprint, preserves VG Supply’s Munster operations, and follows a sale process led by Woodbridge International.

WILsquare Capital, a St. Louis-based private equity firm, has completed the acquisition of Automotive Color & Supply (ACS), a regional distributor of automotive and industrial paints and supplies headquartered in Fort Wayne, Indiana. Midwest Mezzanine provided subordinated debt and equity to support the transaction; the Byers family, which founded ACS in 1951, will transition ownership as WILsquare partners with existing management to pursue growth and geographic expansion across the Midwest.

Vertical Cold Storage, a temperature-controlled warehousing platform sponsored by real estate investment firm Platform Ventures, has agreed to acquire MWCold, a fourth-generation, family-owned cold storage and logistics provider operating two facilities in central Indiana. The acquisition adds more than 545,000 square feet of multi-temperature, rail-served warehouse capacity (Indianapolis and Pendleton, IN) to Vertical Cold's Midwest footprint and will see MWCold CEO Tim Siddiq transition to an advisory role.

Jungheinrich AG is acquiring Indiana-based Storage Solutions group from Merit Capital Partners, MFG Partners and Storage Solutions' management for a purchase price of approximately USD 375 million plus a performance-based earnout. The deal gives Jungheinrich a U.S. platform in racking, warehouse design and automation (Storage Solutions: ~170 employees, ~USD 290M revenue in 2022) and is expected to close in Q2 2023 subject to customary conditions including U.S. merger clearance.

S&S Truck Parts LLC and Midwest Truck & Auto Parts Inc. have completed a merger to form a scaled aftermarket truck parts distributor, nearly doubling the combined business and expanding geographic reach and inventory capabilities. S&S, which was acquired by Investcorp in March 2022, will be led by CEO DJ Hoffman in the combined organization and expects near-term operations to continue as currently structured.

Prospect Partners led a recapitalization of Blackwood Solutions, a Bloomington, Indiana-based electric utility services and specialty transportation provider, partnering with management. Tecum Capital provided a subordinated debt facility and equity co-investment, while O2 Sponsor Finance provided senior debt financing to support the transaction.

Aramsco, Inc. acquired Retailers Supply, a New Albany, Indiana-based regional distributor of janitorial supplies and equipment. The deal expands Aramsco's footprint in the janitorial supplies and equipment market and is the company's ninth acquisition in the sector over the past three years.

Nippon Express Co., Ltd., via its U.S. subsidiary Nippon Express USA, Inc., completed the acquisition of all equity interests in MD Logistics, LLC and MD Express, LLC, making the businesses subsidiaries. MD Logistics is a U.S.-based third-party logistics provider (founded 1996) specializing in pharmaceutical cold-chain warehousing and distribution, with multiple facilities in Indiana and a site in Reno, Nevada and reported roughly $51M revenue for 2019.