Western Pallet Magazine July 2021 - Page 12

12 WESTERN PALLET

48forty Solutions acquires Oregon Pallet

ALPHARETTA, Ga. – WPA-member 48forty Solutions, a portfolio company of Audax Private Equity and a leading national provider of recycled pallets and pallet management services, has acquired Oregon Pallet Repair, Inc, Bailey Pallet, LLC, and Oregon Wood Fibre Recycling, LLC (together “Oregon Pallet”). This is the third acquisition 48forty has completed since Audax’ investment in November 2020.

Headquartered in Salem, Oregon, Oregon Pallet is a provider of recycled wood pallets and pallet services. Oregon Pallet was established in 1998 by owners Bryce and Carly Taylor. Since its inception, the company has firmly positioned itself as one of the leading pallet recyclers in the region. Specializing in reconditioned and remanufactured pallets and wood recycling services, Oregon Pallet plays an integral role in supporting customers across a diverse set of industries. Bryce and Carly Taylor, along with their employees, will be joining the 48forty team.

Mike Hachtman, 48forty CEO, said, “I am pleased that Oregon Pallet and its employees are joining the 48forty family of companies. We plan to honor Oregon Pallet’s legacy and commitment to service, quality, excellence, and entrepreneurship. I look forward to working with Bryce and Carly, who share

Mike Hachtman

my enthusiasm for the pallet industry, our customers, and our employees.”

Bryce Taylor, Oregon Pallet Co-Founder, said, “We are very excited to be a part of the 48forty team and are looking forward to growing the business together throughout the region. We have always admired 48forty’s ability to grow while treating their partners, customers, and employees with the utmost respect. We’re pleased that Oregon Pallet’s employees will have new opportunities to continue to grow their careers as a part of this larger company, and are eager to take advantage of these exciting new possibilities.”