DETROIT -- Huron Capital, a lower-middle-market private equity firm, announced it has made an additional equity investment in Northwest Pallet Holdings, LLC. Through this investment, Huron is combining Northwest Pallet and Prime Woodcraft Inc. The combined company will be headquartered in Schaumburg, Illinois.
Northwest Pallet is a Schaumburg-based pallet company with more than 30 years of experience in recycling, manufacturing and repairing new and used pallets of various shapes and sizes. Prime, a pallet management service provider with nationwide coverage, is based in Brunswick, Ohio.
“This merger allows us to bring together two great commercial teams and leverage our combined capabilities to more effectively serve our clients,” said Northwest Pallet president and CEO, Jack Donnell. “We believe Prime’s innovative approach to pallet management solutions, along with Northwest Pallet’s resources and infrastructure, will enable us to provide unique solutions and scale to our customers while continuing to expand the combined business.”
Donnell will serve as president and CEO of the combined company while Prime founder and CEO Ansir Junaid will serve as a board member and significant shareholder in Northwest Pallet.
Over the past two decades, Huron Capital has successfully established six investment funds totaling approximately $1.8 billion in capital and has completed over 175 transactions throughout North America. Huron Capital portfolio companies have had aggregate annual revenues exceeding $3 billion, 15,000 employees and operated over 325 facilities.
Northwest Pallet specializes in the recycling, remanufacturing, building of new, and repairing of pallets in any shape or size. See http://www.northwestpallet.com/
Established in 1997 in the Cleveland, Ohio, area by Ansir Junaid, Prime Woodcraft provides pallet management and packaging services to customers across the United States. See https://primewoodcraft.com.
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