48forty acquires J&B Pallet

Lake City-based J&B Pallet has a new owner.

48forty Solutions of Alpharetta, Ga., a portfolio company of Audax Private Equity, announced on its website that it has acquired J&B Pallet.

Terms of the transaction were not disclosed.

48forty calls itself a “leading national provider of recycled pallets and pallet management services.”

J&B Pallet was established in 1990 by owner and CEO Rick Ziebell, according to the announcement.

 


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