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The Grimes Companies, Inc. has been acquired by Peoples Services Inc.

The shareholders of The Grimes Companies, Inc. (Grimes) have sold the company to People Services, Inc. Financial details have not been disclosed.

Grimes is one of the fastest-growing companies in its geographic market and is a leader in the southeast logistics industry. Service offerings include a full range of asset-based and non-asset-based 3PL logistics and supply chain management services on a regional, national and global scale. The company was founded in 1972 and is headquartered in Jacksonville, Florida. It has warehouse facilities in Jacksonville and Baltimore, Maryland.

Peoples Services is an asset-based network of companies dedicated to providing 3PL services specializing in handling commodities from chemicals and plastics to food grade (temperature-controlled storage) and consumer goods. Services include transloading bulk material from rail to bulk pneumatic tank trucks, drumming, packaging/repacking services, e-commerce fulfillment, inventory management and transportation. The company now operates 42 third party logistics warehouses in seven states: Michigan, Ohio, North Carolina, South Carolina, Virginia, West Virginia and Florida, providing over 7.5 million square feet of public and contract warehouse space.

Oaklins' team in Jacksonville advised the seller in this transaction.

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M&A sell-side
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 Bill  Sorenson

Bill Sorenson

Principal

Jacksonville, United States
Oaklins Heritage
 Asok K. Chaudhuri

Asok K. Chaudhuri

Principal

Jacksonville, United States
Oaklins Heritage
 Howard C. Serkin

Howard C. Serkin

Principal

Jacksonville, United States
Oaklins Heritage

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