Logistics Provider Transplace to Partner with TPG Capital on Buyout

Transportation management and logistics provider Transplace has announced that the company has selected private equity firm TPG Capital as its new equity partner to support a transaction in which TPG and management will acquire Transplace from Greenbriar Equity Group .

The transaction is expected to close in late-September and terms were not disclosed.

As the largest managed transportation service provider in North America, Transplace generates gross revenue in excess of $1.8 billion from more than 1,000 customers.

“As customer expectations for fast and transparent service and delivery increase, the supply chain is quickly becoming more complex. As a result, many companies have started to outsource freight spend in order to achieve better procurement at a lower operating cost,” said Jack Daly, firm partner and global head of industrials and business services for TPG Capital.

Transplace CEO Tom Sanderson noted that the firm has grown significant in recent years, in part through four acquisitions in the last four years. These include leading cross-border freight management company, Laser Ramos Gil; U.S. managed transportation service providers M33 Integrated and Logistics Management Solutions; and Canadian transportation management provider Lakeside Logistics.

Category: General Update