BWT Acquires 3PL Business

BWT Logistics, a warehousing and transportation business, has acquired International Express Trucking, a 3PL firm in North Carolina.

The deal expands BWT’s warehouse network in a fast-growing market and provides additional contract logistics capabilities to its end-to-end supply chain portfolio. BWT is a portfolio company of Bluejay Capital Partners LLC, a specialist in transportation and logistics investing. Terms of the transaction were not released.

“We are impressed by IET’s people, capabilities and processes, and look forward to welcoming Howard Shope and his team into the BWT family,” said Winston McDonald Jr., president and CEO of BWT.

“Howard has built an incredible business that shares our mission of providing great service to customers across a full suite of logistics solutions.”

The deal expands BWT’s warehouse network in a fast-growing market.

Shope, president and CEO of International Express, will join BWT as a senior vice president of operations and retains a meaningful ownership stake in the business.

“My team and I are excited to partner with BWT and Bluejay in this new chapter of growth for our company. IET’s customers and employees will benefit from access to BWT’s national network of warehouses and transportation, as well as its strengthened suite of services and technology,” said Shope.

BWT is a portfolio company of Bluejay Capital Partners LLC, a specialist in transportation and logistics investing.

Josh Putterman, managing partner at Bluejay, said: “This is an important step in our long-term expansion plan for BWT.

“We will continue to support the team in its geographic and service line growth through both organic and strategic partnerships. Bluejay is thrilled by the potential that IET brings to the BWT platform.”

• Bluejay Capital financed the transaction with Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank.