ALPHARETTA, Ga.–(BUSINESS WIRE)–48forty Solutions, a portfolio company of Audax Private Equity and a leading national provider of recycled pallets and pallet management services, has acquired Oregon Pallet Repair, Inc, Bailey Pallet, LLC, and Oregon Wood Fibre Recycling, LLC. This is the third acquisition 48forty has completed since Audax’ investment in November 2020.
Headquartered in Salem, Oregon, Oregon Pallet is a provider of recycled wood pallets and pallet services. Oregon Pallet was established in 1998 by owners Bryce and Carly Taylor. Since its inception, the company has firmly positioned itself as one of the leading pallet recyclers in the region. Specializing in reconditioned and remanufactured pallets and wood recycling services, Oregon Pallet plays an integral role in supporting customers across a diverse set of industries. Bryce and Carly Taylor, along with their employees, will be joining the 48forty team.
Mike Hachtman, 48forty CEO, said, “I am pleased that Oregon Pallet and its employees are joining the 48forty family of companies. We plan to honor Oregon Pallet’s legacy and commitment to service, quality, excellence, and entrepreneurship. I look forward to working with Bryce and Carly, who share my enthusiasm for the pallet industry, our customers, and our employees.”
Bryce Taylor, Oregon Pallet Co-Founder, said, “We are very excited to be a part of the 48forty team and are looking forward to growing the business together throughout the region. We have always admired 48forty’s ability to grow while treating their partners, customers, and employees with the utmost respect. We’re pleased that Oregon Pallet’s employees will have new opportunities to continue to grow their careers as a part of this larger company, and are eager to take advantage of these exciting new possibilities.”
ABOUT 48FORTY SOLUTIONS
48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 225 facilities, including 45 company-owned and operated plants and more than 180 affiliates. 48forty provides end-to-end pallet solutions, from supply to retrieval, on-site services, reverse logistics, and retail services. To learn more, visit 48forty.com.
ABOUT OREGON PALLET/BAILEY PALLET
Oregon Pallet, headquartered in Salem Oregon, is a family-owned and operated business that was founded in 1998 by current owners Bryce and Carly Taylor. It has grown significantly to a 100% green, FSC-certified company with pallet facilities in Salem, Oregon and Boise, Idaho. Oregon Pallet manufactures new and custom pallets, provides pallet repair and exchange programs, and offers on-site sort and repair services. Oregon Pallet operations include Oregon Wood Fibre Recycling, the wood waste side of Oregon Pallet. They are 100% green, recycling everything that passes through the Salem facility. http://www.oregonpallet.com/
ABOUT AUDAX PRIVATE EQUITY
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $7 billion in more than 140 platforms and over 975 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.