Transplace Joins Forces with Celtic International
Leading 3PL and IMC Combine Businesses to leverage offerings and broaden platforms
October 12, 2011 (Dallas, TX) – Transplace, a Dallas-based third party logistics provider, and Celtic International, an intermodal marketing company based in Chicago, have combined to form a leading North American logistics provider. The combined company has revenue in excess of $1 billion and a major presence in transportation management, logistics technology, intermodal services and truck brokerage. The transaction closed today.
Tom Sanderson, Transplace CEO said: “We are excited about this strategic combination of our businesses. Led by Richard Hyland, who has a long track record of success in intermodal transportation, Celtic has carved out a significant position in the intermodal industry by providing customers unique service driven solutions. We see enormous growth opportunities in intermodal transportation as truckload capacity tightens and fuel prices remain high. We also expect to find opportunities for the current Transplace customers with Celtic offerings as well as offering Transplace’s logistics solutions to certain Celtic customers.” Mr. Hyland will remain President of Celtic, which will become a stand-alone division of Transplace. Mr. Sanderson will lead the combined entity as CEO.
“The combination with Transplace is a great result for Celtic customers and employees,” said Richard Hyland, President of Celtic International. “Opportunities for growth and expansion are abundant given Transplace’s extensive customer following. I look forward to leading the intermodal business for many years to come. My leadership team and I are excited to work together with Transplace.” All of the Celtic senior management team are joining and investing in the combined entity, and Mr. Hyland will join the Transplace board of directors.
CI Capital Managing Director Joost Thesseling said, “The combination with Celtic is an important step in our strategy of growing Transplace through organic growth and strategic acquisitions. We are excited to have the opportunity to support Tom Sanderson and Rich Hyland and their respective management teams in combining their operations to enhance the already significant organic growth opportunities of both companies.”
Transplace is a North American non-asset based logistics services provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services. The company’s services and capabilities include Transportation Management Services, Intermodal, Brokerage and SaaS transportation management (TMS) solutions supplemented by supply chain strategy consulting services. The company is recognized among the elite 3PLs for its proven ability to deliver both rapid return on investment and consistent value to a customer base ranging from mid-market shippers to Fortune 500 companies.
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