Middle-market private equity firm Stellex Capital Management (Stellex) has completed its acquisition of Grammer Industries, in partnership with the Whittington family and management.
Now entering its fifth decade, Grammer is a provider of safe, dependable bulk hazardous transportation services in the United States. Terms of the transaction were not disclosed.
Grammer’s management team, under the leadership of Chief Executive Officer Bart Middleton and Vice President John Whittington, invested in the transaction and will continue to lead the business on its current path of expansion and growth.
Based in Columbus, Indiana, Grammer provides a broad suite of integrated, specialised services including transportation, transloading, terminalling and handling of chemicals and hazardous materials where safety, service, training, reliability, geographic coverage and efficiency are of paramount importance. The Company has 17 facilities strategically located near major chemical production hubs across the United States.
Michael Stewart, Managing Partner of Stellex Capital, says: “This is an exciting inflection point in the evolution of the North American chemicals industry supply chain, and we look forward to making future investments in the Grammer platform. Grammer is strongly positioned at the intersection of compelling trends in chemical production, logistics outsourcing and market consolidation.”
Grammer’s highly trained, seasoned team of more than 250 drivers and modern, meticulously maintained fleet of more than 350 specialty tankers transport anhydrous ammonia, liquefied petroleum gases, carbon dioxide, nitric acid, cryogenic liquids and other bulk hazardous materials and liquids on behalf of more than 120 customers to more than 1,000 unique delivery points spanning a diverse range of end markets.
“This is a great development for Grammer’s customers, suppliers, employees and owner-operators. The Company has a demonstrated track record of growth, and we will continue to expand and deepen Grammer’s position as the industry’s logistics partner of choice. We are very excited about our partnership with Stellex and our shared vision for the next phase of growth,” said Bart Middleton.
Whittington adds: “With the support of Stellex, Grammer will accelerate the further expansion of our geographic footprint and enhance our ability to serve our customers through both organic growth initiatives and acquisitions.”
