Grammer Logistics, a chemicals, industrial gases and hazardous materials transportation and logistics firm backed by Stellex Capital Management LLC and Mill Rock Capital, has purchased Logistics Management Resources Inc., a provider of transportation management services.
Based in Baton Rouge, La., LMR offers third-party logistics services to the chemicals and industrial gases industries across all modes of transportation. As part of the transaction, the LMR team will remain with the company, including LMR’s president and CEO Heston Hodges, who will lead Grammer’s transportation management division.
“LMR is a highly-respected leader in the chemicals logistics market,” comments Scott Dobak, CEO of Grammer. “We are thrilled to welcome their team into the Grammer family. This acquisition supports our strategy of providing a diversified offering of both asset and non-asset services to our growing customer base. We believe this integrated approach is the future of chemicals logistics.”