Transplace to Be Acquired By TPG Capital
Transportation management firm Transplace is trading up to a bigger private-equity backer, TPG Capital, which plans to acquire the company from Greenbriar Equity Group LLC in a deal worth close to $1 billion.
The transaction, expected to close in late September, follows a period of significant growth for Transplace, which has completed seven acquisitions in seven years and now includes operations in Mexico and Canada.
Transplace was founded with the merger of the logistics divisions of six trucking companies in 2000, and has become one of the largest U.S. providers of third-party logistics services.
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