Red Arts Capital, a Chicago-based investment firm concentrated on supply chain, transportation and logistics firms, has acquired Partners Warehouse.
PW provides warehousing and rail transloading services for various customers and offers nearly one million square feet and eight locations across Illinois. The deal advances Red Arts’ mission of acquiring top-tier supply chain and logistics companies.
“Partners Warehouse is an ideal platform to execute on Red Arts’ value creation strategy in the warehousing and logistics space,” said Nick Antoine, co-founder, co-CEO and managing partner of Red Arts Capital. “Our country is facing a significant shortage of warehousing capacity, with nearly one billion square feet of new industrial space needed by 2025 to keep up with extraordinary demand. We believe that Partners is well positioned to provide much needed warehousing capacity as it continues to grow near Chicago’s highly strategic inland port.”