48forty Solutions, a leading national provider of recycled pallets and pallet management services, had acquired Florida-based software company Innovative Data Systems, Inc. (“IDS”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity and Summit Partners.
IDS was founded in June 1997 by Alan Miceli and Pallets-R-Us owner Thomas Sorge. Motivated by a need for their own pallet operations business, Alan and Thomas set out to create the first-ever barcode-based tracking system for pallet repair lines. This software is widely used in the pallet industry today and is lauded as one of the most innovative solutions and a game-changer for many pallet recyclers. With over 30 years in the pallet business and an in-depth understanding of customer needs, Alan and his team developed real-world solutions to meet them. One such solution was the Pallet-Track® Suite, a line of software products designed to provide turnkey solutions with ERP, Plant Floor data collection, Inventory adjustment, compensation, trailer tracking, electronic BOLs, and more. IDS’ primary goal is to help pallet companies and sawmills gain control of their business and finances.
48forty Solutions is one of the largest pallet management services companies in North America.
