Transplace announces TPG is new equity partner
Earlier this week, non asset-based third-party logistics (3PL) services provider Transplace said it has selected TPG Capital, the global private equity platform of alternative asset firm TPG, as its new equity partner.
Transplace officials said that TPG will acquire Transplace from Greenbriar Equity Group LLC, Transplace’s equity partner going back to May 2013, when it acquired
Transplace from an affiliate of CI Capital Partners, a New York-based private equity firm. The CI affiliate acquired Transplace in late 2010. Transplace did not provide financial terms of the transaction, but a Wall Street Journal report pegged it at nearly $1 billion.
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