WSS represents Fenway's 20th acquisition in the transportation and logistics space. Financial terms of the transaction were not disclosed.
"WSS is a complementary addition to Fenway's portfolio of transportation and logistics investments," says Marc Kramer, managing director of Fenway Partners and co-head of the firm's transportation and logistics practice.
"The company fits Fenway's investment criteria, as it holds a strong position in an attractive niche of the logistics industry, operates in a highly fragmented market, and has an outstanding ability to generate free cash flow."
Founded in 1978 by Chairman Don An, WSS is a leader in the $22 billion value-added warehousing and distribution segment of the third party logistics industry, and is a leading provider of unloading services.
In addition to unloading, WSS offers a range of services to warehouse clients and the common carriers delivering to them, including palletizing, order selection and staffing for special projects such as short-term backlog reduction.
Boasting a national footprint, the company currently operates in 35 distribution centers across the U.S., and has a particularly strong presence within the grocery industry, with Safeway, Kroger, Supervalu and Albertsons as clients.
As part of the transaction, WSS will become a division of RoadLink USA. WSS president John Boultier and other members of the WSS management team will continue to serve in their current roles and be located in the company's headquarters.