Audax completed the acquisition of a majority stake in 48forty Solutions from Grey Mountain Partners.

Private equity firm Audax completed the acquisition of a majority stake in 48forty Solutions, a provider of end-to-end pallet management services, from Grey Mountain Partners. Financial terms were not disclosed. "We are thrilled to be partnering with Audax as we embark on an exciting new chapter in our history. This investment will help 48forty continue to consistently deliver high-quality pallets to both national and local accounts, expand our product and service offerings, and explore strategic acquisitions to further accelerate our growth," Norm Plotkin, 48forty CEO.