- As part of the deal, LMR’s President and CEO Heston Hodges will lead Grammer’s transportation management division
- Stellex Capital has over $2.6 billion in assets under management
- Mill Rock Capital invests in middle market industrial businesses in North America
Grammer Logistics, which is backed by Stellex Capital Management and Mill Rock Capital, has acquired Baton Rouge, Louisiana-based Logistics Management Resources Inc, a provider of transportation management solutions. No financial terms were disclosed.
Grammer is a chemicals, industrial gases, and hazardous materials transportation and logistics firm.
Scott Dobak, CEO of Grammer said in a statement, “LMR is a highly-respected leader in the chemicals logistics market. We are thrilled to welcome their team into the Grammer family. This acquisition supports our strategy of providing a diversified offering of both asset and non-asset services to our growing customer base. We believe this integrated approach is the future of chemicals logistics.”
As part of the transaction, the LMR team will remain with the company, including LMR’s President and CEO Heston Hodges, who will lead Grammer’s transportation management division.
With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital has over $2.6 billion in assets under management.
Mill Rock Capital invests in middle market industrial businesses in North America.