Monroe Street Partners Completes Acquisition of American Roadway Logistics to strengthen its market leadership
Monroe Street Partners Completes Acquisition of American Roadway Logistics to strengthen its market leadership
06/05/24, 12:17 PM
Location
chicagonortonIndustry
venture capital
transportation
construction
Monroe Street Partners has acquired a majority equity stake in American Roadway Logistics (ARL) in partnership with ARL’s founders, Heidi and Jon Claxton, marking MSP’s third platform investment. ARL, based in Norton, OH, is a leading provider of pavement marking and traffic maintenance services, and the partnership will provide ARL with additional financial and strategic resources to bolster their market leadership and continue to provide best-in-class service to their customers.
Company Info
Location
Chicago, Illinois, United States
Company info
Monroe Street Partners ("MSP") seeks to invest in, grow and improve established and profitable lower middle-market businesses. Based in Chicago, MSP is seeking to build a concentrated portfolio of family and founder-run businesses across the Business Services and Industrial Sectors with EBITDA between $2 and $5 million and a demonstrated track record of consistent profitability and cash flow generation. MSP is led by Managing Partners Alex Foshager and Ken Mill who previously worked in Goldman Sachs' Investment Banking Division.
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