Pallet powerhouse 48forty Options buys Texas agency Pallet-Ops
The pallet offering powerhouse 48forty Options is rising even bigger, including a brand new acquisition this week when it introduced it had taken over the Texas pallet administration firm Pallet-Ops.
Phrases of the transaction weren’t disclosed, however Alpharetta, Georgia-based 48forty is owned by the deep-pocketed funding companies Summit Companions and Audax Personal Fairness. Since taking up that new possession in 2020, the corporate has made almost a dozen acquisitions of smaller pallet firms, catapulting itself into place as one of many largest pallet administration providers firms in North America.
Earlier than its newest acquisition, 48forty had purchased Bo’s Pallets Inc. in March and CALco Pallets in August, marking its 9th and 10th takeovers in two years.
In the present day, 48forty has a nationwide community of over 242 services, together with 65 company-owned and operated pallet recycling crops, 160 onsite places, 11 reverse logistics facilities, 5 sorting facilities, and greater than 850 service suppliers. It strikes all these flat, wood frames across the nation with what it calls one of many nation’s largest personal fleets, counting 7,500 trailers and 500 tractors.
In shopping for Pallet-Ops, 48forty features an organization with 34 acres and 137,000 sq. toes of property throughout three Texas places, using 170 folks and working 386 trailers. “Buying this customer-focused enterprise with a robust presence in three main markets in Texas ensures extra seamless service to our clients within the area. We all know Pallet Ops will match proper in with 48forty operationally and culturally,” Mike Hachtman, CEO of 48forty, mentioned in a launch.
