Audax Private-backed 48forty Solutions completed the acquisition of Prime360 from Huron Capital Partners.

Audax Private-backed 48forty Solutions, a provider of recycled whitewood pallets and pallet management services, completed the acquisition of Prime360, a provider of pallet management and brokerage services, from Huron Capital Partners, a Detroit-based private equity firm. Financial terms were not disclosed. “I am thrilled about this partnership and what it means for both the Prime360 customers and our employees. The union of 48forty and Prime360 will ensure continued excellence in our total pallet management and brokerage services and will bolster our ability to be forward-focused on innovation and sustainability. The complementary nature of this acquisition allows these amazing companies to continue to improve and expand the way we manage pallet services for retailers and manufacturers across the country," Jack Donnell, Prime360 CEO.