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48forty Solutions Acquires US Manufacturer Industrial Pallet.

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Vincent

MANews-(C)2009-2022

US-based recycled pallets and pallet management services provider 48forty Solutions, a portfolio company of Audax Private Equity, has acquired US-based wooden pallet maker Industrial Pallet, the company said.

This is the sixth acquisition 48forty has completed since Audax' investment in November 2020.

Terms of the transaction were not disclosed.

Industrial Pallet, founded in 1991 and located in Eastford, CT, is a provider and manufacturer of a range of wooden pallets.

With over 75 dedicated employees, the company sorts, builds, and delivers more than two m recycled wood pallets annually with their fleet of over 200 privately owned trailers.

In addition to domestic services, the company offers heat treated pallets to international customers.

The company is currently run by principal and owner Joe O'Brien, who joined in 1998, with operations led by Randy Therrien, Industrial Pallet's original founder.

48forty Solutions is one of the largest pallet management services company in North America, with a national network of over 216 facilities, including 47 company-owned and...

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