Linx Partners, LLC is pleased to announce that Linx Fund II, Co-investors and Affiliates have sold its investment in Grammer Industries, Inc. (“Grammer” or the “Company”) in a recapitalization transaction led by Stellex Capital Management, a middle market private equity firm with offices in New York and London.
Grammer, founded in 1968, is a leading specialty transportation liquid chemicals hauler based in Columbus, Indiana. The Company is a primary transporter and transloader of anhydrous ammonia as well as liquefied petroleum gas, nitric acid, carbon dioxide, and other bulk hazardous and waste related materials. Grammer services both industrial and chemical customers with a network of 17 locations strategically located near chemical production “hubs” in the Midwest, Southeast and Gulf regions.
“Our successful partnership with Grammer and its management team achieved significant growth during our investment period. It was very gratifying for Linx to be involved in the building of such a compelling transportation/logistics business model,” said Peter Hicks, Managing Director at Linx Partners.
Morgan, Lewis & Bockius LLP served as legal advisor to Grammer and Linx Partners. Piper Jaffray & Co. served as financial advisors to Grammer.
About Linx Partners
Linx was founded in 1999 on the premise of investing in U.S. industrial companies, utilizing our human and capital resources in partnership with families, entrepreneurs and management teams to build businesses. The founding partners of Linx have worked together in various capacities for over 30 years and have collectively created over 30 such partnerships since 1980. For more information on Linx, visit www.linxpartners.com.
About Grammer Industries, Inc.
Based in Columbus, Indiana, Grammer Industries was founded by Charles “Shorty” Whittington as a niche carrier servicing the agriculture industry by hauling anhydrous ammonia. The Company has grown steadily over time, adding new products and expanding its geographical base. Today, Grammer is the premier provider of bulk hazardous transportation services in the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. For more information on Grammer, visit www.grammerindustries.com.