48forty Solutions Completes Acquisition of Taylor Pallets & Recycling
48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, announced that it has acquired South Carolina-based pallet management company Taylor Pallets & Recycling (“Taylor” or the “Company”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity (“Audax”) and Summit Partners (“Summit”).
Taylor was founded in 1992 by Greg and Russ Taylor and has grown steadily since that time. The company specializes in recycled, new, and custom-built pallets for customers in South Carolina, Georgia, and North Carolina. It services those customers through its four locations in Anderson, SC, Winder, GA, Orangeburg, SC, and Byron, GA.
Taylor is the largest pallet recycler in South Carolina, employing more than 180 people and operating its own private fleet.
“The expansion of 48forty to provide a greater number of pallet management solutions in the Southeast is made possible by the great organization that Taylor has assembled. We are thrilled to welcome them to our team,” said Mike Hachtman, CEO of 48forty.
“Joining 48forty provides us the opportunity to expand our reach and serve more customers than ever,” said Greg Taylor of Taylor Pallets. “We look forward to the transition and to the increased range of job and growth opportunities it will provide for our employees.”
About 48forty Solutions
48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 270 facilities, including 69 company-owned and operated pallet recycling plants, 186 onsite locations, 12 reverse logistics centers, 4 sorting centers, and more than 850 service providers. 48forty provides end-to-end pallet solutions from supply to retrieval, recycled, new, and custom pallets, and reverse logistics services. We also operate one of the nation’s largest private fleets of more than 7,890 trailers and 486 tractors. 48forty is backed by Summit Partners and Audax Private Equity. For more information, visit 48forty.com or follow us on LinkedIn.
Source: 48forty Solutions, LLC