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Transport Topics: “Two Equity Firms Close to Deal for 3PL Transplace”

Two Equity Firms Close to Deal for 3PL Transplace

Two private equity firms are close to a deal that will transfer ownership of third-party logistics provider Transplace, probably by the end of September.

Transplace and the two firms, TPG Capital and Greenbriar Equity Group, announced the pending sale on Aug. 14.

Terms were not disclosed.

Once completed, Transplace will have its fourth ownership group since its founding in 2000.

The buyer will be TPG Capital, which was founded in 1992 and has $73 billion of assets under management.

The seller, which has owned Transplace since June 2013, will be Greenbriar Equity Group of Rye, N.Y.

Read more here.

August 16, 2017