Palladium Equity Partners has acquired TransForce, a staffing and recruiting company that specializes in the trucking industry.
TransForce’s staffing and recruiting services provide qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking companies. TransForce operates 47 branches across 24 states and dispatches more than 2,500 drivers to its customers on a daily basis. The company is led by David Broome, President and CEO, and is headquartered in Alexandria, VA (www.transforce.com).
“We believe TransForce has established a differentiated position in the industry through its broad geographic footprint, full service offering, strong safety track record, regulatory expertise, and excellent customer service,” said Luis Zaldivar, a Managing Director of Palladium. “My partners and I look forward to supporting the growth of TransForce into new geographies through expected de novo branches and acquisitions.”
Palladium invests from $50 million to $150 million of equity in companies that have $10 million to $75 million of EBITDA. Sectors of interest include business services, consumer, food, financial, healthcare, industrial, energy, and media. Palladium has a focus on companies that operate in the US Hispanic market. In April 2014, Palladium held a final closing of Palladium Equity Partners IV, LP with $1.1 billion of capital, significantly above the firm’s target. Since its founding in 1997, Palladium has invested over $1 billion of capital in more than 20 platform investments and completed over 50 add-on acquisitions. The firm is based in New York (www.palladiumequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-6-15
