Nazareth Pallet Company (“NPC”) is a manufacturer and distributor of premium quality pallets used as storage structures in the transportation of various products throughout the consumer and industrial industries. NPC offers 48”x40” pallets made from new and recycled wood material, as well as custom-sized pallets made to order. After taking over their family’s pallet business and growing it into one of the premier pallet recyclers in the northeast region of the United States, the time came for the owners to consider the next steps for themselves and the company. They decided to look for a new partner that was committed towards maintaining the company’s premium pallet offerings and reputation for high class customer service.
Baker Tilly Capital, LLC (Baker Tilly Capital) ran a full sale process to find 48forty Solutions (“48forty”), a portfolio company of Audax Private Equity, which can integrate NPC into its network of pallet manufacturers across the country.
NPC found the right partner in 48forty. Through this transaction, 48forty will provide resources and expertise to NPC and its employees so that they can continue to grow the business.
George Frack, NPC’s President, described management’s interest in partnering with 48forty by stating “Our family is looking forward to becoming a part of 48forty and joining a large nationwide team of some of the best recyclers in the business. Our customers will benefit from an expansive network with a greater supply of recycled pallets and our employees will be able to enjoy a like-minded workplace culture and an opportunity for professional growth.”