Ridgefield Partners has announced that its client RAZR Logistics ("RAZR"), a subsidiary of Johnson Storage & Moving and leading provider of 3PL and 4PL warehousing services, has been acquired by Best Warehousing & Transportation ("BWT"), a portfolio company of Bluejay Capital Partners and Argosy Private Equity.

RAZR, headquartered in Denver, Colorado, was founded in 2018 by Don Hindman and Mike Griffin and has delivered rapid growth in dedicated third-party logistics and contract warehousing across the U.S. and international markets. BWT, headquartered in Smyrna, Georgia, is a portfolio company of Bluejay Capital that operates 10 dedicated 3PL warehouses in addition to dozens of contract warehouse locations. The combined entity will operate 16 dedicated warehouses and over 50 contract locations around the world.

"We are excited to see Mike Griffin and his extraordinary team continue their growth journey with a sophisticated and well-capitalized owner like BWT" said Don Hindman, CEO of Johnson Storage & Moving. Mike Griffin, who will join BWT as SVP of Sales, added "partnering with BWT enables us to continue our double-digit growth and brand building, while continuing to partner with Johnson and others on new and existing and new business opportunities".

Danielle Roszko, CEO of BWT, added "We are excited to welcome RAZR and their talented team to BWT. Their expertise and capabilities will accelerate our growth, expand our reach, and strengthen the value that we deliver to our customers".

Ridgefield's advisory team was led by Todd Harman (Partner) and Michael Seeley (Partner) and assisted by Austin Woodring and Anthony King (Associates).