Bluejay Capital Partners Completes Acquisition of Best Warehousing and Transportation

Source: www.gulfoilandgas.com 11/29/2022, Location: North America

Bluejay Capital Partners, LLC (“Bluejay Capital”), a specialist in logistics and transportation industry investing, has completed its acquisition of Best Warehousing and Transportation Inc (“BWT”), a leading B2B warehousing and transportation business, with 30 locations across 15 states. Terms of the transaction were not revealed.

“BWT has an exceptional track record serving industry leaders across many diversified supply chains. They attract customers and grow with them in new services and locations. The strong team at BWT, coupled with the Bluejay Capital team’s growth expertise and significant industry experience creates a powerful combination. We are thrilled to partner with Winston to take BWT to the next level,” said Josh Putterman, founding partner of Bluejay Capital.

Winston McDonald Jr., President and CEO of BWT, who retains a sizable ownership stake in the business, expressed his eager outlook for the company’s future.

“Our partnership with Bluejay Capital marks the beginning of an important chapter of growth for our company and our dedicated employees. We are proud of what we have created and accomplished over the last 16 years and are excited to build upon that history, advancing our industry-leading position, expanding our market reach and broadening the scope of work and services we provide,” said McDonald. “The Bluejay team is definitely the right partner for me and BWT.”

Bluejay Capital financed the transaction with Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank.


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