Greenbriar Equity Group has acquired Transplace, a provider of non-asset based third party logistics, from CI Capital Partners which acquired the company in 2009.
“Transplace has an outstanding executive leadership team, an excellent customer base, and a differentiated set of logistics solutions. By partnering with Tom Sanderson, George Abernathy, Rich Hyland and Steve Golich, along with the rest of the Transplace management team, we expect to further grow the company across the full range of its service offerings to continue providing value to existing and new customers,” said Jill Raker, Managing Director at Greenbriar.
Transplace is a provider of non-asset based third party logistics, intermodal and truck brokerage services. The company provides full transportation outsourcing, carrier contracting and negotiation, and freight brokerage services to a blue chip customer base. Transplace also offers intermodal services as Celtic International. Transplace has annual revenues of approximately $1.3 billion from more than 700 customers. The company was founded in 2000 and is based in Frisco, TX (www.transplace.com).
“Greenbriar has a long-standing focus on the logistics sector, understands our industry and will support growing our business, while building value for our customers and creating attractive opportunities for employees,” said Tom Sanderson, Transplace’s CEO.
Greenbriar Equity Group invests from $50 million to $150 million per transaction in the global transportation industry, including companies in aerospace and defense, automotive, freight and passenger transport, logistics and distribution, and related sectors. The firm manages $2 billion of committed capital and is based in Rye, NY (www.greenbriarequity.com).
CI Capital Partners invests from $25 million to $100 million in middle market companies in the following sectors: business services, consumer services, distribution, government services and defense, and light manufacturing. Since the firm’s inception in 1993, CI Capital and its portfolio companies have made more than 100 acquisitions representing over $6 billion in enterprise value. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of approximately $4 billion, EBITDA of approximately $350 million, and employ approximately 15,000 people. The firm is based in New York (www.cicapllc.com).
“Throughout our history as a firm, we have made investments in businesses operated by high-caliber management teams. Together with Tom Sanderson and the Transplace team, we built a leading third-party logistics company through strategic acquisitions and organic growth. We believe that Transplace is well-positioned to continue to expand its business,” said Joost Thesseling, Managing Director at CI Capital.
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-29-13
