Bluejay Capital Partners LLC, a private equity firm focused on logistics and transportation industry investing, has bought Best Warehousing and Transportation Inc., a business-to-business warehousing and transportation business.
BWT is a third-party logistics provider focused on services including transportation, warehousing and storage, logistics handling and other services. BWT has 30 locations across 15 states. Winston McDonald Sr., president and CEO of BWT, will retain a reasonably sized ownership stake in the business.
“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,” says 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.