Transplace Acquires Torus Freight Systems

Transplace Acquires Torus Freight Systems

North American transportation and logistics technology company Transplace, owned by CI Capital Partners, has acquired Torus Freight Systems, a Canada-based logistics company specializing in Canadian cross-border and intra-Canada freight, continuing its geographic expansion strategy.

Torus was represented by Corporate Finance Associations, although terms of the transaction were not disclosed.

In 2011, Transplace acquired SCO Logistics, broadening its chemicals experience, and joined forces with Celtic International, expanding its intermodal services.

Torus’ Canadian carrier network will balance Transplace’s presence in Mexico, said Tom Sanderson, Transplace CEO, in a written statement.