Summit Partners completed the acquisition of a minority stake in 48forty Solutions.

Summit Partners, an alternative investment firm, completed the acquisition of a minority stake in 48forty Solutions, a provider of end-to-end pallet management solutions. Financial terms were not disclosed. “We are thrilled to welcome Summit to the 48forty team and continue our partnership with Audax as we build on our market position. We look forward to working together to accelerate 48forty’s momentum and further expand our national network with a firm commitment to delivering high-quality, reliable and comprehensive solutions for customers and suppliers around the country," Mike Hachtman, 48forty CEO.