Peoples Services, Inc. has acquired Central Warehouse Company, terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, including identifying and contacting Peoples Services, Inc. on behalf of Central Warehouse Company, led the negotiations, and served as the exclusive financial advisor to Central Warehouse Company.
Founded in 1910, Central Warehouse Company operates multiple warehousing facilities serving a variety of industries including chemicals, automotive, food, paper, consumer products, and semiconductor materials. The company is headquartered in Saginaw, Michigan, with locations in Midland, Michigan, and Vandalia, Ohio.
Headquartered in Canton, Ohio, Peoples Services, Inc. is a leading provider of logistics and public and contract warehousing to a wide variety of industries. They occupy approximately 4.5 million square feet of facilities located in Ohio, West Virginia, Virginia, North Carolina, and South Carolina.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.