Wind Point Partners, Chicago, and portfolio company A&R Logistics, Louisville, Ky., acquired Blue Water Plastic Transport, LLC, a St. Clair, Mich.-based provider of specialty bulk transportation and logistics services to the plastics industry.
The acquisition of BWP further expands A&R's geographic presence in the Midwestern United States and increases A&R's overall transportation capacity with additional tractors and specialty trailers servicing Michigan, Illinois and Ohio. BWP provides specialty dry bulk transportation, warehousing and logistics services to plastic resin to plastics manufacturers, distributors and recyclers.
"On behalf of the entire A&R team, I am happy to welcome the BWP team into the A&R family. Both companies share common customer bases, but more importantly common values and cultures, and we are thrilled about the combination,” says Mark Holden, chief executive officer of A&R. “We believe BWP and A&R customers will benefit from our combined organization, and look forward to serving our customers with the future opportunities this acquisition creates."
"BWP is a great strategic acquisition for A&R, as it increases both the company's tractor fleet and its density in the Midwest. We're excited to have closed the first of what we hope is several acquisitions with Mark and the A&R team," adds Konrad Salaber, managing director with Wind Point Partners.
Wind Point Partners acquired A&R in May in partnership with Mark Holden, a 25-year veteran of the transportation and logistics industry, where Wind Point will seek to continue expanding the A&R platform through a combination of organic growth and complementary acquisitions.