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Latham & Watkins Advises Summit Partners in Its Investment in 48forty Solutions

March 29, 2022
A corporate deal team advises the growth equity investor in the transaction.

48forty Solutions (48forty), a leading national provider of recycled wood pallets and related total pallet management services, has announced that global growth equity investor Summit Partners (Summit) has made a significant investment in the Company. Summit joins existing investor Audax Private Equity (Audax) as an equal partner in the business, with 48forty’s management team retaining meaningful ownership.

Latham & Watkins LLP represented Summit Partners in the transaction with a corporate deal team led by Boston partners Ryan McCarthy and John Miller, with Boston associate Galina Vujovic. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with Washington, D.C. associate Eli McCrain; on employment matters by Chicago partner Nineveh Alkhas, with Chicago associate Ana Cenaj; on benefits on compensation matters by Los Angeles partner Michelle Carpenter and Washington, D.C. counsel Laura Szarmach; on real estate matters by New York counsel Shira Bressler; on environmental matters by Washington, D.C. partner James Barrett, with Washington, D.C. associate Andy Landolfi; on intellectual property and data privacy matters by Boston partner Sarah Gagan, with Boston associate Debbie Hinck; and on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary.