Transplace, a third-party logistics provider with strong roots in U.S. trucking and cross-border transportation, has been acquired by Greenbriar Equity Group, a New York-based investment firm. 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,” said Tom Sanderson, CEO of Dallas-based Transplace, owned since 2009 by an affiliate of CI Capital Partners.
Transplace, founded in 2000 by six truckload carriers that combined their logistics resources, has more than $1.3 billion in annual revenue. The company provides full transportation outsourcing and brokerage services to more than 700 customers.
Through its equity partnership with CI Capital, Transplace has acquired or merged with several companies, including intermodal operator Celtic International, chemical logistics company SCO Logistics and Canadian 3PL Torus Freight Systems.
Transplace also has developed a strong presence in U.S.-Mexican cross-border transportation through its division Transplace de Mexico. The company works with shippers, motor carriers and railroads engaged in cross-border transportation.
“We expect to further grow the company across the full range of its service offerings,” said Jill Raker, managing director at Greenbriar, which also is an equity partner of GENCO, the Pittsburgh-based 3PL, among other transportation-related companies.