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Silver Oak Services Partners Leads Recapitalization of PLA

Silver Oak Services Partners Leads Recapitalization of PLA

Evanston, IL – March 29, 2016

Silver Oak Services Partners, LLC (“Silver Oak”), a lower middle-market private equity firm focused exclusively on service businesses, announced it has led the recapitalization of Pallet Logistics of America (“PLA” or the “Company”) in partnership with management and co-investors.

PLA is a leading provider of recycled pallets and pallet management services. Founded in 1989 and headquartered in Dallas, the Company has recycling operations in Dallas, San Antonio, Houston, Oklahoma City, and Tulsa. PLA provides recycling and repair services facilitating the re-use of previously used wood pallets, helping companies across the supply chain capture value from an otherwise wasted asset.

“We are excited about our partnership with Silver Oak, which provides the additional capital resources and expertise we need to significantly grow the company,” said Jim Schwab, CEO of PLA. Jim Schwab and the existing management team will continue in their current roles with PLA and retain a significant ownership stake in the business.

Silver Oak was attracted to pallet recycling services as a compelling sector for investment due to the recurring nature of demand for pallets in the supply chain, high fragmentation of the industry, low level of capital intensity, and an opportunity for high impact from applying process improvements and investing in automation. Dan Gill, Managing Partner at Silver Oak, said, “We are excited to partner with the team at PLA. We believe they have developed a best-in-class platform from which to grow.” Wade Glisson, Principal at Silver Oak, added, “PLA has a strong reputation as an industry leader for customer service, product quality, and innovation. We look forward to building upon PLA’s impressive track record of growth.” PLA is actively looking for add-on acquisition opportunities.

Please contact Dan Gill or Wade Glisson of Silver Oak for additional information.

Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $3 million to $20 million.