Wind Point Buys Plantgistix

A&R Logistics, a portfolio company of Wind Point Partners, has acquired family-owned Plantgistix, a provider of packaging, warehousing, and export services to the plastic resin industry.

Wind Point acquired A&R Logistics, a provider of dry bulk logistics services to manufacturers and distributors of chemicals and plastics, from Mason Wells in May 2019.

Plantgistix’s customers include many of the world’s largest chemical producers and the company has facilities in Houston (headquarters); Baytown and Orange, Texas; and Burkville, Alabama. The company was founded in 1981 by CEO Marc Levine. Post-closing, Plantgistix’s president, Sam Diaz, and the entire Plantgistix team will join A&R.

A&R’s services include transportation, warehousing, packaging, distribution, and third-party logistics management. The company operates a national network of nearly 50 facilities, a fleet of 800 specialized tractors and 1,200 pneumatic trailers (both company-owned equipment and owner-operators), and a technology platform customized for dry bulk transportation. A&R, founded in 1969, is led by CEO Mark Holden and is headquartered in Louisville, Kentucky.

“Through his focus on delivering the industry’s highest quality service, and an emphasis on building a strong corporate culture, Marc Levine laid the foundation for a truly unique company,” said Mr. Holden. “Likewise, Sam Diaz has done a remarkable job leading the business day-to-day, positioning Plantgistix as a true leader in this space. We could not be happier to welcome the Plantgistix management team and employees to the A&R family.”

Earlier in 2019, A&R announced that it had committed more than $100 million of capital to establish facilities in Charleston, South Carolina, and Savannah, Georgia. The buy of Plantgistix complements this expansion strategy and gives the company a large and growing footprint near the Port of Houston.

“Aggressively expanding A&R’s presence in the chemicals export market was a key value creation initiative identified at the time of our investment, and this acquisition advances A&R’s position as one of the largest, most flexible supply chain partners for the world’s leading chemical companies,” said Konrad Salaber, a managing director at Wind Point.

The buy of Plantgistix is the second add-on acquisition completed by A&R under Wind Point ownership and follows the June 2019 buy of Blue Water Plastic Transport, a St. Clair, Michigan-based provider of transportation and logistics services to the plastics industry.

A&R’s add-on acquisition strategy focuses on acquiring companies that provide dry bulk transportation, warehousing and logistics services to producers and distributors of chemicals and plastics. Additionally, A&R is also interested in expanding into complementary services, including liquid chemical supply chain services.

Chicago-based Wind Point invests from $50 million to $100 million in companies with EBITDAs of at least $10 million. Industries of interest include business services, consumer products and industrial products. Wind Point is currently investing out of Wind Point Partners IX LP which began fundraising in 2019.

Houston-headquartered Statesman Corporate Finance was the financial advisor to Plantgistix.

© 2019 Private Equity Professional | November 19, 2019

Print Friendly, PDF & Email

Related Articles

Platte River Builds At-Height Safety Portfolio Platte River Equity has made an investment in GME Supply, a distributor of fall protection, safety equipment and related gear for at-height workers in...
Gemspring and Shrieve Chemical Partner Up Gemspring Capital has invested in Shrieve Chemical Company, a distributor of industrial chemicals, performance fluids and specialty lubricants, in par...
Waud Capital Says Let’s Be Safe Out There Health & Safety Institute (HSI), a portfolio company of Waud Capital Partners, has acquired Martech Media, a provider of industrial technologies t...
Leeds’ BARBRI Buys Kaplan’s Altior BARBRI, a portfolio company of Leeds Equity Partners, has acquired Kaplan Altior, a provider of professional training and assessment services, from Ka...
Align Closes Another Pleatco Add-On Pleatco Filtration, a portfolio company of Align Capital Partners, has acquired TVS Filters from Pine Crest Capital. This is the third add-on acquisit...
After EBITDA Double, NEP Sells Christy to TZP TZP Capital Partners has acquired Christy Sports, one of the largest snow sports retailers in the Western US, from Norwest Equity Partners. Christy...