Nova Infrastructure Buys Warehousing, Logistics Company
Nova Infrastructure, a middle-market infrastructure investor, has bought A&R Bulk-Pak, a South Carolina-based provider of contract packaging, transloading, warehousing and other supply chain services for the petrochemical industry.
Financial terms of the deal were not disclosed.
Located 26 miles from the Port of Charleston in Moncks Corner, South Carolina, A&R operates a 240,000 square foot warehouse which features two high-speed automated packaging lines, rail access to the CSX main-line, and onsite storage for over 120 railcars.
“Over the past decade, the Port of Charleston has been one of the fastest-growing export hubs for the North American chemicals industry, and A&R has grown into a leading provider of critical supply chain solutions during that time,” said Allison Kingsley, founder, partner of NOVA Infrastructure.
In tandem with the deal, A&R has entered into a strategic partnership agreement with Harbor Logistics, a portfolio company of Nova. The agreement aligns Harbor, A&R and Nova as partners to deliver an expanded suite of supply chain services in North America.
Founded in 2018, NOVA targets investments in environmental services, transportation, energy / energy transition, and communication sectors, with a current portfolio of seven platform investments.
Pictured: A&R Bulk-Pak facility
