MIAMI — I Squared Capital, a global infrastructure investment manager, recently announced it acquired WOW Logistics, a Wisconsin-based integrated supply chain solutions provider.

WOW Logistics provides various services, including temperature-controlled warehousing, real estate development and transportation, along with other logistical solutions. Financial terms of the transaction were not disclosed.

“WOW Logistics is a great example of a family-owned business that has served its customers with excellence for decades,” said Gautam Bhandari, chief investment officer and managing partner of I Squared Capital. “The company is a valued local employer and an active member of the communities where it operates. We are proud to partner with WOW to execute on our shared vision for growth while maintaining the company’s legacy as a dedicated partner to its customers.”

Founded in 1977 by Harold Schiferl and Don Utschig as Warehousing of Wisconsin, WOW has grown into 25 facilities across Wisconsin, Minnesota, Illinois, Idaho and Washington.

“We took great care in our approach to finding the right partner who not only shared our values and would preserve the legacy that WOW has built serving the Midwest dairy industry over the last 45 years, but also one who shared our vision,” said Howard Kamerer, chief executive officer of WOW Logistics. “We are thrilled about our partnership with I Squared. Their global portfolio and ecosystem of tech-enabled investments will open up new avenues for growth and innovation, allowing us to accelerate our growth, enhance our operations and expand the reach of our customers.”

The operation network for WOW Logistics in North America features more than 223 million cubic feet of capacity. With the acquisition, the companies aim to modernize storage infrastructure, improve operational resiliency, boost energy efficiency and enhance and expand the warehouse network to meet the global demand of their core customers and other non-dairy protein producers.

I Squared Capital disclosed that it has over $38 billion in assets under management and invests in North America, Europe Asia, and Latin America. Some areas of investment include utilities, energy, digital infrastructure, transport, environmental infrastructure and social infrastructure sectors.