BWT Logistics acquires contract logistics peer RAZR Logistics

Core Insights - BWT Logistics has acquired RAZR Logistics, a contract logistics provider based in Centennial, Colorado, which offers on-demand warehousing, freight forwarding, and final-mile services [1][2] - The acquisition aims to expand BWT's contract logistics platform and enhance its on-demand capabilities, benefiting over 500 customers in sectors such as consumer goods, retail, and manufacturing [1][2] Company Overview - RAZR Logistics was previously a subsidiary of Johnson Storage & Moving and serves a diverse customer base [1] - BWT Logistics provides various warehousing services, including crossdocking, transloading, and storage, along with transportation services like yard management and drayage [3] Financial and Strategic Aspects - Financial terms of the acquisition were not disclosed, but BWT is backed by private equity firms Argosy Private Equity and Bluejay Capital Partners, along with Southfield and Spring Capital Partners [2] - This acquisition marks BWT's second, following the purchase of International Express Trucking in 2023, indicating a strategic focus on growth through both organic and acquisition strategies [5] Leadership and Future Plans - RAZR President Mike Griffin will retain a significant ownership stake and will serve as senior vice president of sales at BWT, indicating continuity in leadership [4] - BWT's management expresses optimism about the acquisition, highlighting the potential for enhanced service offerings and geographic expansion [3][5]