Industrial Products & Services

J&B Pallet

Manufacturer and provider of pallets and pallet recycling services.

Transaction Overview

  • Represented J&B Pallet in its sale to 48forty Solutions, a portfolio company of Audax Management Company.
  • J&B Pallet  is one of the leading pallet manufacturers and recyclers in the northern mid-west region It operates three pallet recycling facilities and four production facilities. . &B Pallet has grown to become one of the region’s leading pallet manufacturers and recyclers
  • J&B Pallet is comprised of three different divisions – J&B Pallet, J&B Lakeland Logistics and Lakeland Transfer. These divisions each offer a unique set of pallet-related services to blue-chip customers across a range of supply chain verticals.
  • 48forty is one of the largest pallet management services companies in North America with a national network of over 218 facilities including 46 company-owned and operated plants and more than 850 service providers. 48forty provides end-to-end pallet solutions from supply to retrieval, new and custom pallets, and reverse logistics services.

Key Observations

  • The company’s shareholders were seeking liquidity after achieving significant growth since the founding of the business in 1990.
  • J&B Pallet’s senior management team and employees planned to remain in their current roles serving the needs of the company’s national customer base.
  • The acquisition of J&B Pallet marked 48forty Solutions fifth acquisition in 2021.
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Hennepin Partners LLC