Wind Point Partners-backed A&R Logistics has acquired Plantgistix Holdings, a provider of packaging, warehousing, and full-scale export services dedicated to the plastic resin industry. Plantgistix serves the world's largest chemical producers out of three strategically located facilities in the Houston area with plans for significant additional expansion. Plantgistix also provides a variety of resin enhancement and in-plant services to its customer base.
Following the acquisition of Plantgistix, A&R will be positioned as North America's most significant provider of outsourced warehousing, packaging and export services dedicated to the plastic resin industry. Plantgistix's president, Sam Diaz, and the entire Plantgistix team will join Louisville, Kentucky-based A&R.
Chicago-based Wind Point Partners acquired A&R in May 2019 in partnership with CEO Mark Holden, a veteran executive in the logistics space who previously led four separate investments to a successful sale or IPO. This represents the second add-on for A&R under Wind Point's ownership, following the addition of Blue Water Plastic Transport in June 2019. A&R's acquisition strategy is expected to continue to focus on acquiring companies that provide dry bulk transportation, warehousing and logistics services to producers and distributors of chemicals and plastics. In addition, A&R seeks to expand into complementary services, including liquid chemical supply chain services.
Kirkland & Ellis LLP served as legal counsel and KPMG provided transaction advisory services to A&R Logistics. Statesman Corporate Finance served as sell-side financial adviser and Foley and Lardner LLP served as legal counsel to Plantgistix.