TPG Capital to Acquire 3PL Firm Transplace

TPG Capital, a global private equity platform, has agreed to acquire Transplace, a provider of transportation management and other third-party logistics services.

TPG is partnering with company management to buy Transplace from Greenbriar Equity Group, and the transaction is expected to close in September. Transplace ranks No. 49 on the Transport Topics list of the Top 50 North American logistics companies.

Founded in 2000, Transplace is a Dallas-based provider of managed transportation, supply chain consulting and transportation management system technology. It also offers other intermodal, truck brokerage and cross-border trade services.

“We are excited to partner with TPG Capital, which has a long history of creating value across sectors, including software, technology and industrials,” Transplace President Frank McGuigan 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.”

McGuigan (left), Sanderson

Transplace CEO Tom Sanderson said, “We have enjoyed working with Jill Raker and the Greenbriar team. Our partnership with them enabled Transplace to significantly enhance our capabilities through four successful acquisitions in the last four years.”

He cited cross-border freight management firm Laser Ramos Gil, U.S. managed transportation service providers M33 Integrated and Logistics Management Solutions, and Canadian transportation management provider Lakeside Logistics as the acquisitions.

“Over our history, we have completed seven transactions,” Sanderson said, “and with TPG Capital we intend to supplement our strong organic growth track record with strategic acquisitions.”