Fundz

Audax Private Equity Announces Investment in 48forty Solutions

PRIVATEDec 01, 2020

Round Type

Private Equity

BostonSoftwareTransportationSupply Chain ManagementLogistics

Description

Audax Private Equity (“Audax”) announced today that it has acquired a controlling interest in 48forty Solutions (“48forty” or “the Company”) from Grey Mountain Partners. 48forty is a leading national provider of end-to-end pallet management services across the U.S. and Canada.

Quick answer

48forty Solutions raised an undisclosed amount in a Private Equity round, dated December 1, 2020. 48forty Solutions is based in Boston, Massachusetts, United States.

How much did 48forty Solutions raise?
48forty Solutions raised an undisclosed amount in a Private Equity round on December 1, 2020.
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 is 48forty Solutions based and how big is it?
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 else raised in Transportation and Supply Chain Management around the same time

Companies in the same sectors as 48forty Solutions that raised within 45 days of this round, from Fundz verified event records.

  • Stord raised $32M on December 4, 2020.
  • Instacart raised $200M on October 20, 2020.
  • SemiCab raised $850K (Seed) on January 13, 2021.
  • OneRail raised $6M (Seed) on January 13, 2021.
  • Azio AI Holdings, Inc. raised $5.8M on January 13, 2021.
  • Tactile Mobility raised an undisclosed amount (Corporate Round) on January 7, 2021.

Who to call at 48forty Solutions, and when

A new round usually means 48forty Solutions is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day 48forty Solutions raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at 48forty Solutions, from your own LinkedIn network

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Company Information

Company

48forty Solutions

Location

Boston, Massachusetts, United States

About

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 provides end-to-end pallet solutions, from supply to retrieval, on-site services, reverse logistics, and retail services. 48forty goes to market as Paramount Pallet in Canada. To learn more, visit www.48forty.com.

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Predictive Intelligence
Strategic

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48forty Solutions raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.