Fenway Leads Acquisition of Logistics Firm

Private-equity firm Fenway Partners said Tuesday it has acquired a majority interest in East Coast Warehouse & Distribution Corp. and related companies, including Safeway Trucking Corp.

Fenway made the acquisition in August along with Refrigerated Holdings, its platform for investments in the temperature-controlled logistics sector, the company said in a statement.

It made the acquisition in partnership with the Lebovitz family and terms were not disclosed.

East Coast, third-party logistics provider of temperature-controlled warehousing and logistics services based in Elizabeth, N.J., provides a variety of value-added logistics services for customers in the confectionary, cheese, grocery products, beverage and pharmaceutical industries.

The acquisition is Fenway’s 26th in the transportation and logistics space, the company said.