CI Capital Partners has completed the previously announced sale of its portfolio company, Transplace, a provider of non-asset based third party logistics, to Greenbriar Equity Group.
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. 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).
“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 of CI Capital.
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).
“CI Capital has been a great partner and provided the company and our management team the necessary support to execute its growth and acquisition strategy,” said Tom Sanderson, Chief Executive Officer of Transplace. “We look forward to continuing the company’s growth trajectory.”
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).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-18-13
