Acquiring Company
48forty Solutions
Acquired Company
Innovative Data Systems
BostonSoftwareTransportationSupply Chain ManagementLogisticsSoftwareLogisticsDescription
48forty Solutions ("48forty"), a leading national provider of recycled pallets and pallet management services, today announced that it had acquired Florida-based software company Innovative Data Systems, Inc. ("IDS" or the "Company"). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity and Summit Partners.
Quick answer
48forty Solutions is acquiring Innovative Data Systems, announced September 12, 2022. 48forty Solutions is based in Boston, Massachusetts, United States.
- How much did 48forty Solutions pay for Innovative Data Systems?
- The deal value was not disclosed.
- What does 48forty Solutions do?
- 48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 225 facilities, including 44 company-owned and operated plants and more than 180 affiliates..
- Where are 48forty Solutions and Innovative Data Systems based?
- 48forty Solutions is based in Boston, Massachusetts, United States.
- Who are the decision-makers at 48forty Solutions?
- Fundz holds 1 contact at 48forty Solutions. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who to call at 48forty Solutions, and when
When 48forty Solutions changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Innovative Data Systems?
Innovative Data Systems was acquired by 48forty Solutions, based in Boston. The deal was reported on September 12, 2022. 48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 225 facilities, including 44 company-owned and operated plants and more than 180 affiliates. 48forty Solutions is privately held and operates in Software.
When did 48forty Solutions acquire Innovative Data Systems?
48forty Solutions's acquisition of Innovative Data Systems was reported on September 12, 2022. 48forty Solutions ("48forty"), a leading national provider of recycled pallets and pallet management services, today announced that it had acquired Florida-based software company Innovative Data Systems, Inc. ("IDS" or the "Company"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Innovative Data Systems do?
IDS was founded in June 1997 by Alan Miceli and Pallets-R-Us owner Thomas Sorge. With over 30 years in the pallet business and an in-depth understanding of customer needs, Alan Miceli and his team developed real-world solutions to meet them. It is privately held, operating in Software.
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