Key Takeaways
- • Port Jersey Logistics Network (PJLN), a portfolio company of Maxwell Street Capital Partners, has acquired Fond du Lac (FDL), an Edison, New Jersey-based provider of temperature-controlled and customs-bonded warehousing and final-mile transportation, according to a Business Wire release.
- • FDL operates seven multi-client warehouses totaling approximately 500,000 square feet in Edison, all within about 25 miles of the Port of New York and New Jersey.
- • The deal is PJLN's first acquisition under Maxwell Street's partnership and expands its specialty food, wine and spirits customer base.
- • Terms of the transaction were not disclosed.
Summary
Port Jersey Logistics Network (PJLN), a portfolio company of Maxwell Street Capital Partners, has acquired Fond du Lac (FDL), according to a Business Wire announcement datelined Cranbury, New Jersey. FDL, founded in 1999, provides temperature-controlled and customs-bonded warehousing as well as final-mile transportation services to wine, spirits and specialty food customers. The company operates seven multi-client warehouses totaling approximately 500,000 square feet in Edison, New Jersey.
The acquisition strengthens PJLN's position in the Port of New York and New Jersey, where all FDL facilities sit within roughly 25 miles of the port. The company describes that location as critical for U.S. wine imports and for final-mile delivery into the New York City metropolitan area. PJLN CEO Jeff Ramella said FDL's capabilities are highly complementary to PJLN's operations and that the combined business can offer customers a fully integrated warehousing and delivery solution.
The transaction broadens PJLN's customer base to include wine, spirits and specialty foods, while giving FDL's customers access to PJLN's dedicated warehousing and transportation capabilities and its Houston and Savannah footprint. Ian Torley, FDL's VP of Sales and Engagement, said FDL's customers trust the company with high-value, sensitive inventory and that PJLN's broader network and resources will help serve them better.
Evan Harwood, Managing Partner at Maxwell Street and PJLN board chair, described the deal as the first acquisition under the partnership and an important step in the growth strategy laid out at the time of Maxwell Street's investment. He said the firm will continue to deploy capital and operating expertise as PJLN expands into new geographies, service lines and end markets. Terms were not disclosed. Katten Muchin Rosenman LLP and Scopelitis, Garvin, Light, Hanson & Feary, PC served as legal counsel to Maxwell Street and PJLN.
The acquisition strengthens PJLN's position in the Port of New York and New Jersey, where all FDL facilities sit within roughly 25 miles of the port. The company describes that location as critical for U.S. wine imports and for final-mile delivery into the New York City metropolitan area. PJLN CEO Jeff Ramella said FDL's capabilities are highly complementary to PJLN's operations and that the combined business can offer customers a fully integrated warehousing and delivery solution.
The transaction broadens PJLN's customer base to include wine, spirits and specialty foods, while giving FDL's customers access to PJLN's dedicated warehousing and transportation capabilities and its Houston and Savannah footprint. Ian Torley, FDL's VP of Sales and Engagement, said FDL's customers trust the company with high-value, sensitive inventory and that PJLN's broader network and resources will help serve them better.
Evan Harwood, Managing Partner at Maxwell Street and PJLN board chair, described the deal as the first acquisition under the partnership and an important step in the growth strategy laid out at the time of Maxwell Street's investment. He said the firm will continue to deploy capital and operating expertise as PJLN expands into new geographies, service lines and end markets. Terms were not disclosed. Katten Muchin Rosenman LLP and Scopelitis, Garvin, Light, Hanson & Feary, PC served as legal counsel to Maxwell Street and PJLN.
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