FdG Associates has sponsored a recapitalization of both A&R Transport and Alliance Logistics. No financial terms were disclosed for the deal, which will result in a single company known as A&R Logistics. A&R Transport is a Morris, Ill.-based provider of bulk transportation, packaging, distribution and logistics. Alliance Logistics is an Elgin, Ill.-based non-asset based transportation management services provider.
FdG Associates, a leading middle-market private equity firm, today announced it has recapitalized A&R Transport, a leading bulk transportation, packaging, distribution and logistics company based in Morris, Ill., and Alliance Logistics, a non-asset based transportation management services provider based in Elgin, Ill. The company will be known as A&R Logistics going forward. The investment was made from FdG Capital Partners II LP, FdG Associates' second institutional fund, which has more than $300 million in committed capital. Terms of the transaction were not disclosed.
Doug Dossey, a Managing Director at FdG Associates, said, “We are attracted to A&R's strong reputation in its industry for service and safety, its network of terminals across the country, its long history of exceptional operating performance and its leadership position in transportation and logistics for plastic resin. We look forward to working with Jim Bedeker, Jeff O'Connor and the rest of the A&R team to help grow the company, both organically and through strategic acquisitions.”
A&R Transport was formed in 1969 by President and Chief Executive Officer Jim Bedeker. The company is one of the largest providers of bulk transport and related logistics services to the plastic resin industry. A&R operates from 22 facilities throughout the United States and manages a specialized fleet of approximately 700 tractors and 1,100 trailers. Alliance Logistics, an affiliate of A&R Transport, was formed in 1997 as a non-asset based transportation management services provider, offering carrier management, shipment planning and execution, freight bill audit and payment services and other third-party logistics services. Jim Bedeker will continue to serve as Chief Executive Officer of A&R Logistics, while Jeff O'Connor, formerly CEO of Alliance Logistics, has been named President of A&R Logistics.
Jim Bedeker, CEO of A&R Logistics, said, “We're excited to be partnering with the FdG Associates team. They have a successful track record of working with companies such as ours, and we expect that their investment and expertise will provide the additional resources we need to continue growing our business by offering superior services to all of our customers.”
About FdG Associates
FdG Associates is a private investment firm providing equity capital to North American-based middle-market growth companies with sound businesses and unrealized potential. By building a partnership with management and offering creative problem solving and strategic, long-term planning focused around key corporate initiatives, FdG empowers companies to achieve their full growth potential and increase their equity value.
FdG provides equity capital to sponsor management buyouts, recapitalizations and growth-oriented investments in private and public companies. The deep and diverse experience of the firm's executive team enables FdG to pursue opportunities in the business and consumer services, distribution, light manufacturing, retail and consumer products sectors.
FdG is headquartered in New York, N.Y. For additional information, please visit www.fdgassociates.com.
About A&R Logistics
A&R Logistics is one of the nation's largest providers of bulk transport and related services to the plastic resin industry, as well as a provider of third-party logistics services to shippers in a variety of other industries. The company operates from 22 facilities throughout the United States and manages a specialized fleet of approximately 700 tractors and 1,100 trailers. A&R Logistics is headquartered in Morris, Ill.