Milwaukee-based Mason Wells announced it has closed on the acquisition of A&R Logistics Inc., a Morris, Ill.-based bulk transportation and logistics company.
Joining Mason Wells in the acquisition are industry executives and investors Mark Holden and Rich Mitchell. Mason Wells, the industry executives, members of the existing A&R management team and other investors acquired the company from private equity firm FdG Associates.
Together, Mason Wells and the industry executives will work with A&R’s existing management team to build upon the company’s leading market position.
“We are excited about the opportunity to work with Mason Wells, Mark Holden and Rich Mitchell,” said Jeff O’Connor, president and chief executive officer of A&R Logistics, Inc. “Their industry resources coupled with the strong financial support of Mason Wells will enable us to continue serving our customers at a very high level while expanding our leading market position in the chemical and plastics industries.”
“Mason Wells is very pleased to be working with the A&R management team and employees to support the growth of the business,” said Kevin Kenealey, managing director at Mason Wells. “The A&R team has built an impressive platform in the bulk transportation and logistics industry, and we look forward to helping the Company capitalize on the favorable trends within the chemical and plastics industries.”
“We are excited about partnering with the A&R team,” Holden said. “We view the investment in A&R as the first step in our long-term goal of building a diversified, global transportation and logistics company focused on bulk materials.”
Mason Wells is a private equity firm that manages more than $800 million of capital through the Mason Wells Buyout Funds.
