Wind Point Partners and portfolio company A&R Logistics Inc., a supply chain services company that provides dry bulk transportation services, have recently announced that A&R has acquired First Choice Logistics.
First Choice provides over-the-road bulk transportation, ISO intermodal services and a full suite of logistics solutions to some of North America's largest producers and converters of liquid chemicals. The company has historically operated as an independent unit of Ozinga Bros Inc., a Chicago-based provider of cement, energy and related solutions. The entire First Choice leadership team will join A&R at the time of the transaction.
Mark Holden, CEO of A&R, said: "The company welcomes the First Choice employees to the A&R team […] For many years, A&R's customer base has requested that the company’s dry bulk services is complemented with liquid transportation capabilities.”
Konrad Salaber, Managing Director of Wind Point Partners, commented: "First Choice represents an important first step in building out a scaled, best-in-class liquid transportation solution that will serve as a strong complement to A&R's position in dry bulk chemical transportation.”
Luke Jousma, VP of First Choice, added: "The company is excited to join the A&R family, and is eager to expand the liquid platform through organic and acquisition growth."
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/13022020/ar-logistics-acquires-first-choice-logistics/
You might also like
The EU Council has launched EUNAVFOR ASPIDES. The objective of this defensive maritime security operation was to restore and safeguard the freedom of navigation in the Red Sea and the Gulf.