A&R Logistics purchased by private equity firm Mason Wells
Jan 2, 2013 9:22 AM
Mason Wells announced December 20, 2012 that it had closed on the acquisition of A&R Logistics Inc, a leading bulk transportation and logistics company. Joining Mason Wells in the acquisition are industry executives and investors Mark Holden and Rich Mitchell.
Mason Wells, the industry executives, members of the existing A&R management team and other investors acquired the Company from private equity firm FdG Associates. A&R Logistics is based in Morris IL and provides a comprehensive suite of services including over-the-road transportation, transloading, packaging, warehousing and end-to-end outsourced transportation management through a nationwide network of 25 facilities, a combination of company-owned equipment and owner operators, and a non-asset-based transportation management division.
Together, Mason Wells and the industry executives will work with A&R’s existing management team to build upon the Company’s leading market position in the dry bulk transportation and logistics industry. “We are excited about the opportunity to work with Mason Wells, Mark Holden, and Rich Mitchell,” said Jeff O’Connor, president and chief executive officer of A&R Logistics Inc. “Their industry resources coupled with the strong financial support of Mason Wells will enable us to continue serving our customers at a very high level while expanding our leading market position in the chemical and plastics industries.”
Kevin Kenealey, managing director at Mason Wells, said: “Mason Wells is very pleased to be working with the A&R management team and employees to support the growth of the business. The A&R team has built an impressive platform in the bulk transportation and logistics industry, and we look forward to helping the company capitalize on the favorable trends within the chemical and plastics industries.”
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