Mason Wells has acquired A&R Logistics, a provider of dry bulk transportation services, from private equity firm FdG Associates. Joining Mason Wells in the acquisition are industry executives and investors Mark Holden and Rich Mitchell, members of the existing A&R management team, and other investors.
“We are very excited about partnering with the A&R team,” said Mark Holden. “We view the investment in A&R as the first step in our long-term goal of building a diversified, global transportation and logistics company focused on bulk materials.”
A&R Logistics is a provider of dry bulk transportation, packaging, distribution, and logistics services to multinational companies within the chemical, plastics, and dry bulk food industries. Services include over-the-road transportation, transloading, packaging, warehousing, and end-to-end outsourced transportation management through a nationwide network of 25 facilities; a combination of company-owned equipment and owner operators; and a non-asset based transportation management division. A&R Logistics is headquartered in Morris, IL (www.artransport.com).
“We are excited about the opportunity to work with Mason Wells, Mark Holden, and Rich Mitchell,” said Jeff O’Connor, President & CEO of A&R Logistics. “The industry resources Mark and Rich bring with them, coupled with the strong financial support of Mason Wells will enable us to continue serving our customers at a very high level while expanding our leading market position in the chemical, plastics, and bulk food industries.”
Mason Wells makes investments in Midwest-based companies with revenues of $25 million to $300 million and EBITDAs of at least $5 million. Sectors of interest include consumer packaged goods, packaging materials & converting, engineered products & services and outsourced business services. The firm was founded in 1982 and is based in Milwaukee (www.masonwells.com).
FdG Associates invests from $15 million to $50 million in companies that have a minimum of $8 million in EBITDA. Sectors of interest include business services; construction & industrial services; consumer products & services; value-added distribution; light manufacturing; retail; and transportation & logistics. The firm was co-founded by David Gellman and Charles de Gunzburg in 1995 and is headquartered in New York (www.fdgassociates.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-25-13