As part of its mission to acquire top tier supply chain and logistics companies, Red Arts Capital today announced the purchase of Partners Warehouse. Based in Elwood, Illinois, Partners Warehouse provides warehousing and rail transloading services for a wide range of customers across nearly one million square feet and eight strategic locations in Illinois.
The purchase of the 30-year-old logistics company marks another investment for Red Arts’ inaugural institutional commingled private equity fund vehicle, Red Arts Capital Opportunity Fund I, L.P. In June, the firm announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems.
“Partners Warehouse is an ideal platform to execute on Red Arts’ value creation strategy in the warehousing and logistics space,” said Nick Antoine, Co-Founder, Co-CEO and Managing Partner of Red Arts Capital. “Our country is facing a significant shortage of warehousing capacity, with nearly one billion square feet of new industrial space needed by 2025 to keep up with extraordinary demand. We believe that Partners is well positioned to provide much needed warehousing capacity as it continues to grow near Chicago’s highly strategic inland port.”
Partners Warehouse handles thousands of rail cars and containers each year with its Elwood facility located just one block from the entrance of BNSF’s second largest rail and intermodal yard, creating a strong draw for its customers.