Livingstone provides financing for Huron Capital portfolio company

Aids Northwest Pallet Services in acquisition of Prime Woodcraft
  • Sep 2019
  • Business Services
  • Debt Advisory
  • M&A: Buy-Side
  • US

Livingstone is pleased to announce it has raised financing for Northwest Pallet Services (“Northwest Pallet” or the “Company”), a portfolio company of Huron Capital (“Huron”), in support of its combination with Prime Woodcraft (“Prime”). Livingstone acted as exclusive financial advisor to the Company, helping to arrange, structure, and negotiate the financing.

Northwest Pallet Services is one of the nation’s leading pallet supply management corporations and can guarantee superior service and competitive pricing. The company provides pallet management services to major retail accounts nationwide, including over 6,500 retail stores and distribution centers, by acting as a single point of contact between its customers and its network of over 1,000 local pallet recyclers. With over 30 years of experience, it continually proves its sustainability in an otherwise volatile marketplace. Northwest Pallet specializes in the recycling, remanufacturing, building of new, and repairing of pallets in any shape or size.

Established in 1997 in the Cleveland, Ohio area by Ansir Junaid, Prime Woodcraft provides innovative and sustainable pallet management and packaging solutions to customers across the United States. By employing expert onsite evaluations, talented professionals and comprehensive online reporting, Prime develops unique, environmentally friendly, data transparent and economical programs for many major and mid-major retailers.  Prime’s current array of offerings include comprehensive on-site management programs (COMP), complete pallet and packaging recycling services, new and recycled pallet sales along with sourcing and logistics solutions.

Livingstone’s business services practice has closed over 100 transactions totaling in excess of $4.5 billion of transaction value since 2015. This is the second transaction completed for Huron Capital in the last 12 months following the successful financing raised in support of portfolio company Albireo Energy’s acquisition of Taylor Consulting & Contracting.

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