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PLA Acquires TaylorMade Pallets & Logistics
DALLAS - August 30, 2022 - (Newswire.com)
Pallet Logistics of America ("PLA" or the "Company"), a portfolio company of Silver Oak Services Partners, LLC ("Silver Oak") and an asset-based pallet management services provider, has acquired TaylorMade Pallets & Logistics ("TaylorMade"), the largest independently-owned pallet company in Central/South Texas. Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of new, recycled, remanufactured, and custom-sized pallets. With a 17-acre facility in San Antonio, Texas, TaylorMade serves a highly-diversified customer base, including various Fortune 500 companies.
The acquisition of TaylorMade brings PLA's asset network to 77 facilities and expands the Company's capacity and service capabilities within the South Texas market. "We are honored to join the PLA Family of Companies," said Byron Evans, CEO of TaylorMade. "Our entire team is looking forward to offering South Texas an even broader array of pallet and logistics services through PLA's expansive network and capacity."
"I'm proud to welcome TaylorMade to the PLA Family of Companies," said Kyle Otting, CEO of PLA. "TaylorMade's highly-efficient operations, dedication to quality, and commitment to their customers have earned them their position as one of the leading pallet operators in South Texas."
Wade Glisson, Partner at Silver Oak, added, "We are excited to partner with the Gill family, Byron Evans, and the entire team at TaylorMade, and look forward to supporting their continued growth. TaylorMade represents the sixth strategic partnership within the PLA platform, further expanding our footprint and enhancing our service capabilities."
About PLA
Founded in 1989 and headquartered in Dallas, Texas, PLA is a national supply chain solutions provider offering Pallet Management Services, 3PL Services, Reverse Logistics Services, and Freight Brokerage & Transportation Management Services, handling more than 115 million pallets per year for over 500 customers. Operating under the Pallet Logistics of America, Pallet Repair Services ("PRS"), Pal-Serv, Propak, TaylorMade, Valley Pallet, and Yancey Pallet brands, PLA operates over 75 facilities across the U.S., providing a comprehensive suite of supply chain management solutions. Learn more at www.plasolutions.com.
About TaylorMade Pallets & Logistics
Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of recycled, new, and custom-sized pallets. Based in San Antonio, Texas, the company is the largest independently owned pallet company in Central/South Texas, with a 17-acre facility and over 100 trailers. Learn more at www.taylormadepallets.com.
About Silver Oak Services Partners
Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners, LLC ("Silver Oak") is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry-leading business, consumer, and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. The firm is currently investing out of its fourth fund, a $500 million investment vehicle. Learn more at www.silveroaksp.com.
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Original Source: PLA Acquires TaylorMade Pallets & Logistics
Dale Ventures’ AUD$2.5 Million Investment Helps Fast-Track Rail Online
Rail Online's leadership team
Rail Online's leadership team (L to R): CFO Lachlan McCallum, CTO Kew Muthalif, GM Kirsty Blows, and CEO James Dunne
A recent AUD$2.5 million investment from Dale Ventures has enabled Rail Online to fast-track its expansion plans. The railroad travel service now allows travelers to search, book, and ticket Amtrak journeys, with multiple currency options via a 24/7 connection to live Amtrak inventory.
In addition to the North American expansion, the investment from Dale Ventures has also helped accelerate Rail Online's expansion plans in Australia, New Zealand, and Europe.
James Dunne, Rail Online's CEO, says the addition of Amtrak is timely because Rail Online saw strong inquiry levels for North American rail journeys, bolstered by the pent-up demand related to the pandemic.
"By offering live booking capability," says Dunne, "Rail Online has made it more cost-effective, efficient, and convenient for travelers to book Amtrak journeys."
"In addition, travelers booking through Rail Online have the freedom and flexibility to self-manage all itinerary changes and refunds," Dunne says.
Amtrak's network connects more than 500 destinations in 46 United States and three Canadian provinces. The company's fleet of more than 300 trains includes 20 Acela high-speed trainsets, which reach speeds of up to 240 km/h, making it the fastest passenger service in the Western Hemisphere.
Dunne says the addition of Amtrak's North American services brings Rail Online one step closer to fulfilling its aim of being "the one-stop shop for all rail bookings for customers across the globe."
"With this new Amtrak connection, Rail Online continues to lead the way in making rail travel easier," says Dale W. Wood, CEO of Dale Ventures. "I congratulate James and his team for their incredible work and rapid growth."
For bookings, visit www.rail.online.
About Dale Ventures
Dale Ventures is a personal investment holding group founded by serial investor Dale W. Wood. The company partners with management teams to provide the significant strategic and analytic resources needed to build and grow remarkable companies. Dale Ventures has adopted a consultative approach that harnesses the power of innovative teams to generate groundbreaking ideas, tactics, and strategies that drive growth and build long-term value.
For more information about Dale Wood and his projects, please visit www.Dale.com and Facebook.com/DaleVentures.
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Dale Ventures FZE
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Original Source: Dale Ventures' AUD$2.5 Million Investment Helps Fast-Track Rail Online
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