Antares Capital, Bain Capital, First Eagle Investment Management, and Varagon Capital agreed to provide debt financing to Wind Point Partners’ acquisition of A&R Logistics.
Based in Louisville, KY, A&R is North America’s largest provider of integrated dry bulk logistics solutions for the chemical and plastic industries. A&R provides a comprehensive suite of services including transportation, warehousing, packaging, and fully outsourced logistics management for many of the world’s largest producers and distributors of chemicals and plastics.
Wind Point will be partnering with A&R management, led by President and CEO Mark Holden, who joined the company in 2012. Holden is a veteran executive in the logistics space, previously leading four separate investments to a successful sale or IPO.
Konrad Salaber, managing director at Wind Point, commented, “We are thrilled to partner with Mark Holden and the A&R team as they lead the company into a new phase of growth. We look forward to supporting a robust value creation plan that includes expanding A&R’s domestic infrastructure, aggressively growing export supply chain solutions in the Ports of Charleston and Savannah, and completing acquisitions to enhance the Company’s scale and scope of service.”
A&R’s organic growth strategy for the domestic dry bulk plastics market will focus on expanding its market-leading transportation infrastructure and national network of value-added warehouse facilities. In addition, A&R will aggressively support its customers’ growing needs for export solutions by establishing what will become among the nation’s largest and most flexible export networks for plastic resins. A&R plans to launch multiple new facilities totaling at least two million square feet in the Ports of Charleston and Savannah to support the packaging and export of numerous resins including polyethylene, polyvinyl chloride, and polypropylene, among others.
A&R’s acquisition strategy will focus on acquiring companies that provide dry bulk transportation and warehousing services to producers and distributors of chemicals and plastics. In addition, A&R will seek to expand through acquisition into complementary services, including liquid chemical supply chain services.
Kirkland & Ellis served as legal counsel to Wind Point. KPMG provided transaction advisory services in connection with the sale.
Based in Chicago, Wind Point is a private equity investment firm and active investor in transportation, logistics and route-based businesses, with select prior investments including Dicom Transportation, St. George Logistics, Valicor Environmental Services, RailWorks and AIR-serv.
