‘Prime360 is a leading provider of pallet management services that will further augment 48forty’s supply chain solutions,” concluded Young Lee, Managing Director, Audax Private Equity. We look forward to supporting 48forty and Prime360 management as they continue to grow the business both organically as well as through strategic acquisitions.”

ABOUT 48FORTY

48forty Solutions is a leading pallet management services company in North America, with a national network of over 225 facilities, including 45 company-owned and operated plants and more than 180 affiliates. 48forty provides end-to-end pallet solutions, from supply to retrieval, on-site services, reverse logistics, and retail services. To learn more, visit www.48forty.com.

ABOUT PRIME360

Prime360 is a leading total pallet management and brokerage services provider in the U.S. The company manages pallet and supply chain processes to enhance efficiency for retail, food and beverage, manufacturing, transportation, healthcare, and distribution, enabling our customers to manage and ship products quickly, safely and sustainably. Prime360 experts implement best practices transparently across the supply chain, optimizing operations, facilitating risk reduction, streamlining delivery processes, lowering carbon footprints, and improving profitability.

ABOUT AUDAX PRIVATE EQUITY

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle-market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com.