Grammer Industries bought by private equity firm
A private equity company has purchased Columbus-based Grammer Industries.
Stellex Capital Management announced yesterday that it has completed the acquisition of the trucking company. Terms of the sale were not announced.
Grammer Industries was founded by Charles Shorty Whittington to haul anhydrous ammonia for agriculture. It has since grown to 17 facilities across the country, located near major chemical production hubs and company officials say it is the country’s premier provider of bulk hazardous transportation services.
The company employs 250 drivers and has a fleet of more than 350 specialty tankers to transport chemicals including anhydrous ammonia, liquefied petroleum gases, carbon dioxide, nitric acid, cryogenic liquids and others.
Stellex announced that Grammers management team, including Chief Executive Officer Bart Middleton and Vice President John Whittington continue to lead the business.