BWT Buys Johnson’s RAZR

BWT Logistics, a leading national third-party logistics, warehousing and transportation company, has acquired RAZR Logistics, a contract logistics provider and leader in on-demand warehousing, from its parent Johnson Storage & Moving.

• BWT is a portfolio company of Argosy Private Equity and Bluejay Capital Partners, LLC. Terms of the transaction were not released.

The deal expands BWT’s dedicated logistics solutions and brings added warehouse network capabilities and end-to-end supply chain services to more than 500 RAZR corporate customers in consumer products, retail and manufacturing.

It also brings the benefits of on-demand warehousing which expands BWT’s ability to meet customers’ exact needs regardless of term or scale and expands its potential customer base, enabling the company to serve a wider range of industries, sizes and stages.

“We are excited to welcome the RAZR team to BWT,” said Danielle Roszko, CEO of BWT.

“Mike Griffin and his team have built an exceptional business with strong talent, proven capabilities and a customer-first culture that aligns seamlessly with ours. Together, we’ll deliver agile, flexible services and solutions that create greater value for customers while expanding our reach and strengthening our ability to compete and grow.”

Griffin, President of RAZR, will join BWT as a Senior Vice President of Sales and retains a meaningful ownership stake in the business.

“Our team is excited to partner with BWT and Bluejay in this next chapter of growth. RAZR’s customers and employees will benefit from access to BWT’s national network of warehouses and transportation, as well as its comprehensive suite of services and technology,” said Griffin.

BWT Logistics has acquired RAZR Logistics from its parent Johnson Storage & Moving. BWT is a portfolio company of Argosy Private Equity and Bluejay Capital Partners, LLC.

“BWT has now completed its second significant acquisition, each of which has positively impacted the business and positioned the company to better service its customers going forward,” Seth Wilson, Partner at Argosy Private Equity. 

Josh Putterman, Managing Partner at Bluejay, said: “This is a great next step as we continue to add more customers and capabilities at BWT. We will continue to support the team in its geographic and service line growth through both organic and strategic partnerships.”

• BWT financed the transaction with capital from Argosy Private Equity, Bluejay Capital Partners, Southfield and Spring Capital Partners.