Announced
Completed
Financials
Sources
Tags
transportation management
Domestic
Acquisition
Majority
United States
Private
Completed
industrial transportation
Private Equity
Industrial Distribution
Friendly
Single Bidder
industrial logistics
Synopsis
Stellex Capital Management and Mill Rock Capital-backed Grammer, a chemicals, industrial gases, and hazardous materials transportation and logistics firm, completed the acquisition of Logistics Management Resources, a provider of quality transportation management solutions to the chemicals, industrial gases, and related industries. Financial terms were not disclosed. "LMR is a highly-respected leader in the chemicals logistics market. We are thrilled to welcome their team into the Grammer family. This acquisition supports our strategy of providing a diversified offering of both asset and non-asset services to our growing customer base. We believe this integrated approach is the future of chemicals logistics," Scott Dobak, Grammer CEO.
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