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Ozburn-Hessey Logistics, one of the nation's largest private third-party logistics providers, plans to get larger faster with financial backing from a new stakeholder. New York-based equity investor Welsh, Carson, Anderson & Stowe last week acquired a majority interest in Ozburn-Hessey, which operates 18 multi-client distribution campuses and more than 19 million square feet of warehouse space, for an undisclosed sum.
"This event will allow us to continue to aggressively pursue acquisitions throughout North America in the areas of contract warehousing, transportation management and freight forwarding," said Scott McWilliams, Ozburn-Hessey CEO. "There's still a lot of fragmentation within the industry. That presents a good opportunity to acquire companies."
While McWilliams and the …