Oak Hill buys Arnold Logistics, plans expansion

Oak Hill buys Arnold Logistics, plans expansion    Oak Hill Capital Partners has signed a deal to acquire Harrisburg, Pa.-based Arnold Logistics, a warehousing and third-party logistics company.
   Oak Hill said it views Arnold as a solid platform to become a national, full service 3PL provider.
   Founded in 1976, Arnold serves customers mainly in the consumer packaged goods, publishing and consumer electronics sectors. It offers services such as basic warehousing, sorting, product assembly and repackaging and transportation.
   Arnold manages 24 leased warehouses located throughout the United States: 17 in Pennsylvania, three in Illinois, two in Texas, and one each in Ohio and Nevada.
   Oak Hill said it has invested in the logistics business in the past and that it will remain a “primary focus.” Oak Hill’s lead investor is Robert M. Bass, one of the four brothers who founded Bass Brothers Enterprises in Fort Worth, Texas.
   Founder Ed Arnold and LongueVue Capital LLC will retain about a 14 percent stake in the company. Terms were not revealed.