Buske Logistics, Portfolio Company of Fourshore Partners, Announces Acquisition of Strategic Warehousing
EDWARDSVILLE, Ill.--(BUSINESS WIRE)--Buske Logistics ('Buske'), portfolio company of Fourshore Partners ('Fourshore') announced today its partnership with Strategic Warehousing, LLC ('Strategic'), a premier provider of critical contract logistics services with expertise in the food and beverage industries.
'The Strategic partnership gives us an opportunity to expand our offering to the confectionary industry and expand our network in a highly attractive geography', said Nick Heinz, CEO of Buske.
Buske Logistics is a 102-year-old, asset-light contract warehousing company with a focus on food and beverage, and automotive industries.
Strategic Warehousing is an integrated logistics company based in Eagan, MN that provides warehousing services to the food and beverage industries, with an expertise in confectionary products. Strategic currently operates three warehouses totaling 225,000 square feet in the Twin Cities.
'The Strategic partnership gives us an opportunity to expand our offering to the confectionary industry and expand our network in a highly attractive geography,' said Nick Heinz, CEO of Buske. He added that, 'Buske is looking forward to partnering with the high quality and experienced associates at Strategic in continuing to provide the world class service that Strategic has offered to its customers for the past 20+ years.'
Mr. Heinz further noted, 'I'd also like to personally thank the Strategic Team and their leadership for their partnership in bringing our organizations together.'
The transaction was led by Nick Heinz, Daena Baker, Erin Brothers, and Jimmy Aho at Buske, and by Pedro Freyre and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to Buske and Fourshore.
About Buske Logistics
Buske is a global logistics company serving customers in the U.S., Canada, and Mexico. Its Third-Party Logistics (3PL) capabilities provide a complete supply chain solution for customers across industries. With the Strategic acquisition, the Company now operates over 7.0 million square feet of warehouse space, across more than 30 locations in the U.S. and in Canada.
Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m.
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