The private equity firm continues to demonstrate commitment to the supply chain and logistics industry by acquiring a 3PL mainstay through portfolio company, Partners Warehouse
CHICAGO–(BUSINESS WIRE)–As part of its continuing effort to acquire premier supply chain and logistics companies, Red Arts Capital has announced that its portfolio company, Partners Warehouse, recently completed the add-on acquisition of FLEX Logistics, a third-party logistics (3PL) company located in Southern California. FLEX’s deep warehouse management experience across multiple industries provides its customers with more time to focus on their core strategies by making their West Coast warehousing and distribution requirements easier and more cost-effective by utilizing its 3PL warehouse services.
“FLEX Logistics has always been customer-focused, and it was important to find partners that aligned with our values. We look forward to working with them as we continue to grow our business.”
Nick Antoine
Co-Founder & Managing Partner, Red Arts Capital
Headquartered in Eastvale, California, FLEX holds nearly 900,000 square feet of warehousing space and services customers in the consumer products, food and beverage, spirits, and automotive industries. This well-facilitated organization will continue to serve as a valuable addition to Red Arts Capital’s portfolio of companies. The 3PL market in the U.S. is estimated at $238 Billion in the year 2022, which currently accounts for a 24.7% share of the global market1.
- “Third Party Logistics (3PL) – Global Market Trajectory & Analytics.” Global Industry Analysts, Inc. July 2022.