Huron Capital has sold Prime360 to 48forty Solutions, a portfolio company of Audax Private Equity
Prime360, headquartered in Schaumburg, Illinois, is a leading national provider of total pallet management and brokerage services, helping manage pallet and supply chain processes to enhance efficiency for retail, food and beverage, manufacturing, transportation, healthcare and distribution customers. The company implements best practices across the customer supply chain, optimizing operations, facilitating risk reduction, streamlining delivery processes, lowering carbon footprints and improving profitability.
Jack Donnell, Chief Executive Officer of Prime360, commented, “Lincoln’s deep understanding of the pallet industry and our differentiated business model was critical to driving an outstanding outcome and securing the ideal partner for our next phase of growth.”
Lincoln acted as the exclusive financial advisor to Prime360 and Huron Capital, working closely with the company’s shareholders and management team throughout the sale process.
Lincoln was without a doubt the best choice to advise us given their extensive sector expertise and deep understanding of the company. The team did an excellent job working seamlessly with Huron Capital and Prime360 from start to finish, providing excellent advice and bringing invaluable perspective.
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