TPG Capital set to acquire logistics and transportation specialist Transplace
Global private equity investment firm TPG Capital has announced plans to acquire transportation and logistics management company Transplace, with the deal expected to close in September.
With a customer base of 1,000 merchants, Transplace is a leading provider of supply chain consultancy and transportation management solutions in North America.
President of the firm Frank McGuigan expressed his enthusiasm in the partnership, confident that it will provide a strong platform to further the growth of Transplace.
“We are excited to partner with TPG Capital, which has a long history of creating value across sectors, including software, technology, and industrials,” he said.
“As our new equity partner, TPG will support the continued growth of our business, while building value for our customers and creating attractive opportunities for employees.”
TPG will be acquiring Transplace from Greenbriar Equity Group in a move that will see the firm partner with company management to ensure the success of the deal.
Global Head of Industrials and Business Services for TPG Jack Daly revealed his own understanding of the growing complexity in supply chains, and remains confident in Transplace as a market leader to excel in industry innovation.
“Transplace is providing an expansive, high-quality, customisable solution for managing today’s supply chain.
“The company’s leadership, ongoing focus on innovation, and customer service is unmatched, and we believe Transplace is well-positioned to thrive from the immense technological change happening within logistics today.
“We are excited to partner with Tom, Frank, and the Transplace team to accelerate growth, both organically and through acquisition.”
This is TPG’s third investment into the supply chain sphere within the last year, in line with the company’s growing focus on improving general business efficiency.