Transplace, a provider of transportation management services and logistics technology and a portfolio company of Greenbriar Equity Group, has acquired M33 Integrated, a third party logistics provider serving the packaging, chemical and advanced materials sectors. Greenbriar acquired Transplace in May 2013 from CI Capital Partners.
The buy of M33 expands Transplace’s vertical expertise and geographical reach. “The addition of M33 Integrated complements Transplace’s current geographical footprint and deepens our middle market penetration, as well as expands on the company’s plan to deliver value to all North American shippers,” said Transplace CEO Tom Sanderson.
M33 Integrated is headquartered in Greensboro, NC. The company’s operations center and technology center in Greensboro will become the Transplace Southeastern Center of Excellence, and will operate as part of the company’s Transportation Management business, which is led by President Frank McGuigan.
Transplace is a non-asset-based provider of transportation outsourcing, carrier contracting and negotiation, and intermodal and freight brokerage services to a diverse customer base of manufacturers, retailers, consumer goods and chemical companies. The company has annual revenues of approximately $1.6 billion and is headquartered in Frisco, TX (www.transplace.com).
Greenbriar Equity Group invests from $50 million to $150 million per transaction in the global transportation industry, including companies in aerospace & defense, automotive, freight & passenger transport, logistics & distribution, and related sectors. The firm manages $2.5 billion of committed capital and is based in Rye, NY (www.greenbriarequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-21-15
