Audax and Summit Partners-backed 48forty Solutions completed the acquisition of CALco Pallets.

Audax and Summit Partners-backed 48forty Solutions, a provider of recycled pallets and pallet management services, completed the acquisition of CALco Pallets, a pallet management company. Financial terms were not disclosed. "This acquisition further expands our footprint in the Midwest and creates significant operational opportunities for 48forty. Greg and Matt have run CALco with integrity and transparency, leading a great team of employees who will contribute greatly to 48forty's success," Mike Hachtman, 48forty CEO.