logo
logo

48Forty Solutions Announces Growth Equity Investment From Summit Partners

Mar 24, 2022•over 3 years ago
Software

Description

48forty Solutions (“48forty” or the “Company”), a leading national provider of recycled wood pallets and related total pallet management services, today announced that global growth equity investor Summit Partners (“Summit”) has made a significant investment in the Company. Summit joins existing investor Audax Private Equity (“Audax”) as an equal partner in the business, with 48forty’s management team retaining meaningful ownership.

Company Information

Company

About 48forty Solutions

About

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 operated pallet recycling plants and more than 850 service providers. 48forty provides end-to-end pallet solutions from supply to retrieval, new and custom pallets, and reverse logistics services. It also operates one of the nation's largest private fleets of 4,900 trailers and nearly 350 power units. To learn more, visit 48forty.com or find them on LinkedIn.