CHARLOTTE – Pal-Serv, a pallet recycling and servicing company with a Charlotte location, has been acquired by the Texas-based Pallet Logistics of America (PLA), a portfolio company of private equity firm Silver Oak Service Partners, LLC, according to a statement.
Founded in 2009, Pal-Serv grew to more than 200 employees and four locations. Pallet Logistics of America was founded in 1989 and according to its statement, handles more than 40 million pallets for clients annually.
The acquisition brings the total number of facilities for Pallet Logistics of America to 15, according to a statement.
PLA will also benefit from Pal-Serv’s “nationwide pallet brokerage capabilities, providing a strong complement to PLA’s now 15-location, 160+ tractor, and 2,000+ trailer asset-based footprint,” according to the statement.
“Pal-Serv’s impressive operations and focus on customer service have earned them strong, loyal customers in each of the communities in which they operate,” said Kyle Otting, CEO of PLA, in the statement. “Their expansive brokerage network reflects the strength of their industry relationships and national coverage.”
According to the Pal-Serv website, the company is hiring for its Charlotte location.