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Fenway leads acquisition of logistics firm
Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.
Fenway made the acquisition in August along with Refrigerated Holdings, its platform for investments in the temperature-controlled logistics sector, the company said in a statement.
It made the acquisition in partnership with the Lebovitz family and terms were not disclosed.
East Coast, third-party logistics provider of temperature-controlled warehousing and logistics services based in Elizabeth, N.J., provides a variety of value-added logistics services for customers in the confectionary, cheese, grocery products, beverage and pharmaceutical industries.
The acquisition is Fenwayâ€™s 26th in the transportation and logistics space, the company said.
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