Quantix isn’t wasting any time.
One week after announcing its acquisition of CLX Logistics, the chemical supply chain services company revealed Tuesday it now owns Space City Services’ bulk transportation business, which includes 200 tankers for hazardous and non-hazardous chemicals and waste materials, and a rental fleet of 800 roll-off boxes.
The deal closed April 1, according to Chris Ball, Quantix president and CEO. Terms of the transaction were not disclosed.
Space City is Quantix’s 11th pick-up under private-equity owner Wind Point Partners.
“It’s a good deal for us,” Ball told Bulk Transporter. “The first liquid trucking company that we purchased [as A&R Logistics in February 2020] was First Choice Logistics in Chicago, and they had a waste business, so we’ve got that waste business in the Midwest, but we didn’t have one anywhere else. Now we do, and working inside plants is such a big piece of Space City’s operation. And we provide in-plant services in other segments of our business, where we’re loading trucks and railcars, and moving cars and containers, so this is a nice extension of the in-plant work that we already do.”
When Bulk Transporter visited Space City’s Houston-area headquarters for our November cover story, Space City founder Rob Thomas reported the company generated $16.5 million in revenue in 2020—and grew by $10 million annually each of the last three years. The carrier runs 128 tractors, and more than 1,200 total pieces of equipment, and employs nearly 200 people between four sites serving Gulf Coast customers.
See also: Waste hauling boosts Space City’s bulk business
The 28-acre Houston terminal includes a 35,000-sq.-ft. building with offices, seven double-wide shop bays, a parts room, and a separate building for renewing the boxes that already are receiving Quantix logos.
Thomas is expected to remain with the company during integration, Ball said.
“We’re excited about this,” he said. “It’s a great business, it’s really well run, and like most of our acquisitions, we don’t buy these businesses to slash and burn things.”
Thomas echoed Ball’s excitement in a news release.
“We’re thrilled to continue providing our services to our current customers while bringing even more value through Quantix’s powerful suite of transportation, export, packaging, and warehousing services,” he said. “Our customers are at the heart of everything we do, and pursuing this next chapter with Quantix means all of our customers benefit from our shared commitment to provide high-quality services and solutions.”
A&R rebranded as Quantix in 2021 after the first six acquisitions under Wind Point—which continues to fuel the company’s expansion.
“Rob and his team have built an impressive business with a strong reputation in the chemical transportation space,” said Konrad Salaber, Wind Point managing director. “Space City’s work in the chemical waste market will help cement Quantix’s position as the leading one-stop supply chain services solution.”
