Two North Texas-based giants of their respective industries—Fort Worth-based TPG Capital and Frisco-based Transplace—announced a partnership Monday morning.
TPG acquired the third-party logistics provider, which will earn a projected $1.8 billion in revenue this year, from its previous owner, Greenbriar Equity Group. The financial terms of the deal were not disclosed, and it's expected to close in late September, according to a release.
This will give Transplace the capital to continue its growth through acquisitions.
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