For U.S. 3PLs, can the world be their oyster?
For nearly 25 years, Transplace, a third-party logistics service provider (3PL) based in the Dallas suburb of Frisco, Texas, has carved out a successful living in North America. Transplace’s home market remains robust, with at least five years of abundant opportunities left to it, said Frank McGuigan, the company’s president and chief operating officer.
Yet when the privately held company looked for a new owner after its private equity fund parent made plans to sell, it had more than North America on its mind. Transplace wanted a buyer to have a global network should it decide to expand beyond North America, a scenario that Transplace has discussed with many customers who want it to go global, McGuigan said.
In mid-August, Transplace’s parent, Greenbriar Capital, sold it to private equity behemoth TPG, a $73 billion company with 16 offices worldwide. Transplace will leverage TPG’s capital and footprint to make selective acquisitions, though McGuigan said there is no concrete plan for the company to make international deals.
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