EDWARDSVILLE, Ill.--(BUSINESS WIRE)--Buske Logistics (“Buske”), portfolio company of Fourshore Partners (“Fourshore”) announced today its acquisition of Hydra Warehouse and Transportation (“Hydra”), a premier provider of critical contract logistics services with expertise in the food and beverage industries.
Buske Logistics is a 101-year-old, asset-light contract warehousing company with a focus on food and beverage, and automotive industries.
Hydra Warehouse and Transportation is an integrated logistics company providing warehousing and transportation services to the bourbon and food processing industries in Kentucky and southern Indiana. Hydra currently operates five warehouses totaling close to 1.5 million square feet serving several global companies in the bourbon industry.
Nick Heinz, CEO of Buske said that, “On behalf of Buske, I’d like to convey our heartfelt gratitude to Frank Dodd and the Hydra team for placing their trust in Buske to carry forward the impressive legacy they have built within our industry.”
He further noted that everyone at Buske is, “beyond excited to partner with the Hydra team in expanding our geographic footprint and continuing to provide industry-leading service across our collective customer base. The customer relationships Hydra has built over decades of trust within the distilled spirits and food products industries are a testament to their commitment to excellence, a core value that we share, and we look forward to upholding and growing that legacy together.”
"I am honored to pass the Hydra torch to the Buske team. The Buske team has proven to be a first class organization. I have enjoyed working with them during this transition. I look forward to watching them grow the business in the Louisville/Southern Indiana area," added Frank Dodd, CEO and owner of Hydra.
The transaction was led by Nick Heinz IV, Daena Baker, John Babington, and Jimmy Aho at Buske, and by Pedro Freyre and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to Buske and Fourshore.
About Buske Logistics
Buske is a global logistics company serving customers in the U.S., Canada, and Mexico. Its Third-Party Logistics (3PL) capabilities provide a complete supply chain solution for customers across industries. With the Hydra acquisition, the Company now operates over 7.5 million square feet of warehouse space, across more than 35 locations in the U.S. and in Canada.
About Fourshore Partners
Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m.
