{"id":12618,"date":"2023-12-20T01:28:04","date_gmt":"2023-12-20T01:28:04","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=12618"},"modified":"2023-12-19T15:31:24","modified_gmt":"2023-12-19T15:31:24","slug":"bwt-acquires-3pl-business","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/bwt-acquires-3pl-business\/","title":{"rendered":"BWT Acquires 3PL Business"},"content":{"rendered":"<p>BWT Logistics, a warehousing and transportation business, has acquired International Express Trucking, a 3PL firm in North Carolina.<\/p>\n<p>The deal expands BWT\u2019s 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 <a href=\"https:\/\/www.findadistributor.com\/item\/bluejay-capital\/\">Bluejay Capital Partners LLC<\/a>, a specialist in transportation and logistics investing. Terms of the transaction were not released.<\/p>\n<p>\u201cWe are impressed by IET\u2019s people, capabilities and processes, and look forward to welcoming Howard Shope and his team into the BWT family,\u201d said Winston McDonald Jr., president and CEO of BWT.<\/p>\n<p>\u201cHoward has built an incredible business that shares our mission of providing great service to customers across a full suite of logistics solutions.\u201d<\/p>\n<div id=\"attachment_12619\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12619\" class=\"size-full wp-image-12619\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162.jpg\" alt=\"\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162.jpg 1200w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-768x576.jpg 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-400x300.jpg 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-307x230.jpg 307w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-440x330.jpg 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-513x385.jpg 513w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-433x325.jpg 433w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3162-507x380.jpg 507w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><p id=\"caption-attachment-12619\" class=\"wp-caption-text\">The deal expands BWT\u2019s warehouse network in a fast-growing market.<\/p><\/div>\n<p>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.<\/p>\n<p>\u201cMy team and I are excited to partner with BWT and <a href=\"https:\/\/www.findadistributor.com\/item\/bluejay-capital\/\">Bluejay<\/a> in this new chapter of growth for our company. IET\u2019s customers and employees will benefit from access to BWT\u2019s national network of warehouses and transportation, as well as its strengthened suite of services and technology,\u201d said Shope.<\/p>\n<div id=\"attachment_12620\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12620\" class=\"size-full wp-image-12620\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_.jpg\" alt=\"\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_.jpg 1200w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-768x576.jpg 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-400x300.jpg 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-307x230.jpg 307w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-440x330.jpg 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-513x385.jpg 513w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-433x325.jpg 433w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2023\/12\/IMG_3166_86_-507x380.jpg 507w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><p id=\"caption-attachment-12620\" class=\"wp-caption-text\">BWT is a portfolio company of Bluejay Capital Partners LLC, a specialist in transportation and logistics investing.<\/p><\/div>\n<p>Josh Putterman, managing partner at <a href=\"https:\/\/www.findadistributor.com\/item\/bluejay-capital\/\">Bluejay<\/a>, said: \u201cThis is an important step in our long-term expansion plan for BWT.<\/p>\n<p>\u201cWe will continue to support the team in its geographic and service line growth through both organic and strategic partnerships. <a href=\"https:\/\/www.findadistributor.com\/item\/bluejay-capital\/\">Bluejay<\/a> is thrilled by the potential that IET brings to the BWT platform.\u201d<\/p>\n<ul>\n<li><a href=\"https:\/\/www.findadistributor.com\/item\/bluejay-capital\/\">Bluejay Capital<\/a> financed the transaction with Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>BWT Logistics, a warehousing and transportation business, has acquired International Express Trucking, a 3PL firm in North Carolina. The deal expands BWT\u2019s 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&#8230; <a href=\"https:\/\/www.findadistributor.com\/news\/bwt-acquires-3pl-business\/\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":12620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[337,304,10382,10379,10380,10385,106,10383,10384,62,1341,754,10381,55,590],"class_list":["post-12618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-3pl","tag-3pls","tag-argosy-private-equity","tag-bwt-logistics","tag-international-express-trucking","tag-key-bank","tag-material-handling","tag-southfield-mezzanine","tag-spring-capital-partners","tag-supply-chain","tag-third-party-logistics","tag-transportation","tag-tucking","tag-warehouse","tag-warehousing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BWT Acquires 3PL Business - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/bwt-acquires-3pl-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BWT Acquires 3PL Business - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"BWT Logistics, a warehousing and transportation business, has acquired International Express Trucking, a 3PL firm in North Carolina. 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