New York, NY — WR Securities, an affiliate of Wolfe Trahan & Co., assisted family–owned Burris Logistics in the successful sale of important warehouse assets serving the third party logistics markets in North Carolina, South Carolina and Virginia to Cloverleaf Cold Storage. Established in 1925, Burris, a leader in contract logistics, custom distribution, food service redistribution and public refrigerated warehousing, generates annual revenue of about $2.5 billion. WR Securities’ Managing Director Jeff Lockwood worked with Burris to evaluate the interest of both strategic and financial buyers, conduct a limited auction targeting select industry participants and structure the transaction to maximize the after–tax proceeds to the seller.
In addition to Mergers and Acquisitions, WR Securities performs a variety of advisory and underwriting services, with particular expertise in the transportation and logistics sectors. For more details about WR Securities’ capabilities, please contact Jeff Lockwood at (646) 845–0760.