48forty Solutions, a portfolio company of Audax Private Equity and a leading national provider of recycled whitewood pallets and pallet management services, has acquired Prime360.
Headquartered in Schaumburg, Illinois, Prime360 is a leading national provider of pallet management and brokerage services offering differentiated supply chain solutions that help enhance efficiency at over 75 customer locations nationwide.
The acquisition of Prime360 will help to further enhance 48forty’s logistics services offerings and grow their national presence. Together, 48forty, Relogistics, and Prime360 will leverage decades of pallet recycling and total pallet management experience to provide differentiated support to both national and local customers.
Mike Hachtman, 48forty CEO, said: “I am very excited to welcome Prime360 into the 48forty family. Prime’s retail-focused services will further expand the robust suite of pallet management solutions that our customers have come to expect. The combination of 48forty, Prime360, and Relogistics, also a 48forty company, will provide greater flexibility to grow our services to our existing customers as well as retailers across the country.”
48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 225 facilities, including 45 company-owned and operated plants and more than 180 affiliates.
