Private Equity Firm Takes Major Stake In Transportation Insight

Paul Thompson, Founder and Chairman of Transportation Insight, and Chris Baltz, CEO, will retain a significant ownership position and continue in their day-to-day management of the Company. Wes Lucas, Operations Partner at Gryphon Investors and former CEO of SIRVA, Inc., one of the largest transportation businesses in the United States, will join the Board as its Executive Chairman. Gryphon replaces Charlotte-based private equity firm Ridgemont Equity Partners as the majority owner.

Founded in 1999 and based in Hickory, NC, Transportation Insight is a North American-focused provider of tech-enabled enterprise logistics and freight brokerage solutions. The Company currently helps manage approximately $4 billion of annual transportation-related spend for over 1,500 enterprise logistics and brokerage clients, with expertise across a range of industries and end markets. Transportation Insight’s blended technology platform of proprietary and class-leading solutions enables clients to optimize their transportation networks, reduce their transportation costs, ensure on-time deliveries, and optimize their complex supply chains.

Bob Grady, Gryphon Partner and Head of the firm’s Industrial Growth Group, noted, “Our investment in Transportation Insight aligns well with our focus on partnering with companies that are benefiting from strong macroeconomic tailwinds and that have clear opportunities to achieve above-market growth when supported by Gryphon’s unique partnership strategy. We are excited to partner with such a high-quality business led by an exceptional, purpose-driven management team.”