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Transplace Acquires Freight Services Specialist M33 Integrated

The company’s fifth deal in five years advances the freight brokerage’s plan for a steady diet of buying non-asset-based companies

Transportation management firm Transplace said Thursday it has acquired another third-party logistics provider, M33 Integrated, completing its fifth deal in five years.

Owned by Greenbriar Equity Group LLC, Frisco, Texas-based Transplace is one of the largest freight brokers in North America and provides other supply chain services, including cloud-based transportation management software. M33 provides specializes in the packaging, chemical and advanced materials sectors of transportation management services.

The deal would enable Transplace to add a portfolio of 60 to 70 clients to Transplace’s technology platform, said Tom Sanderson, the company’s chief executive, and adds 165 employees in Greensboro, N.C., a “key operating center that is a great place to recruit talent.”

Read more here.

September 17, 2015