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Sunday, January 17, 2021

Fort Worth, San Francisco private equity firm to acquire Frisco logistics group

Frisco-based logistics provider Transplace Holdings Inc. is being acquired by TPG Capital, the global private equity platform of Fort Worth and San Francisco-based alternative asset firm TPG. TPG is acquiring Transplace from Greenbriar Equity Group LLC, a private equity firm focused on making investments in the global transportation and logistics industries.

The transaction is expected to close in late-September. Terms of the transaction will not be disclosed, according to the news release.

Transplace is the largest managed transportation service provider in North America, generating annual gross revenue in excess of $1.8 billion. As a non-asset based logistics services provider, it offers manufacturers, retailers, chemical and consumer packaged goods companies a blend of logistics technology and transportation management services.

“As customer expectations for fast and transparent service and delivery increase, the supply chain is quickly becoming more complex. As a result, many companies have started to outsource freight spend in order to achieve better procurement at a lower operating cost,” said Jack Daly, firm partner and global head of industrials and business services for TPG Capital. “Transplace is providing an expansive, high-quality, customizable solution for managing today’s supply chain. The company’s leadership and ongoing focus on innovation and customer service is unmatched, and we believe Transplace is well positioned to thrive from the immense technological change happening within logistics today.”

Transplace and Greenbriar were advised by Morgan Stanley & Co. LLC and Hughes, Hubbard, & Reed LLP. TPG was advised by Kirkland & Ellis LLP.

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