Dallas—May 28, 2013—Transplace, a provider of non-asset based third party logistics (3PL), intermodal and truck brokerage services, selected private investment firm Greenbriar Equity Group LLC as its new equity partner.
“Transplace has an outstanding executive leadership team, an excellent customer base and a differentiated set of logistics solutions,” said Jill Raker, Managing Director, Greenbriar Equity Group LLC. “By partnering with Tom Sanderson, George Abernathy, Rich Hyland and Steve Golich, along with the rest of the Transplace management team, we expect to further grow the company across the full range of its service offerings to continue providing value to existing and new customers.”
Greenbriar acquired Transplace from an affiliate of CI Capital Partners, who joined with Transplace management in 2009 to buy the company from its original owners. Terms of the transaction were not disclosed.
“Greenbriar has a long-standing focus on the logistics sector, understands our industry and will support growing our business, while building value for our customers and creating attractive opportunities for employees,” said Tom Sanderson, Chief Executive Officer, Transplace. “Our partnership with CI Capital provided the opportunity to supplement organic growth with mergers and acquisitions such as leading Intermodal transportation provider Celtic International, chemical-focused 3PL SCO Logistics and Canadian transportation manager Torus Freight Systems (now Transplace Canada).”
Founded in 2000 by six of the largest freight carriers in the U.S., Transplace provides customized solutions through its proprietary transportation management system; and full transportation outsourcing, carrier contracting and negotiation and freight brokerage services to a diversified blue chip customer base. It also offers intermodal services as Celtic International.
“Throughout our history as a firm, we have made investments in businesses operated by high-caliber management teams,” explained Joost Thesseling, Managing Director at CI Capital. “Together with Tom Sanderson and the Transplace team, we built a leading third-party logistics company through strategic acquisitions and organic growth. We believe that Transplace is well-positioned to continue to expand its business.”