TPG Capital Closes Acquisition of Transplace
Partnership will work to accelerate company’s growth organically and through acquisition
On August 14, 2017, TPG Capital announced that it was partnering with company management to purchase Transplace from Greenbriar Equity Group. Founded in 2000, Transplace is North America’s premier provider of managed transportation, consulting, and TMS solutions; and intermodal, truck brokerage, and cross-border trade services.
Transplace marks TPG Capital’s third investment into the supply chain space. The firm’s other investments include LLamasoft, a supply chain modeling and design software provider that helps companies improve service, reduce cost, and mitigate risk, and Transporeon, a cloud-based logistics platform that offers various connectivity-focused applications for the different stages of freight execution.
Kirkland & Ellis LLP served as legal counsel to TPG. Goldman Sachs & Co., JP Morgan Securities, Barclays, Deutsche Bank Securities, KeyBanc, and RBC Capital Markets acted as financial advisors to TPG.
TPG is a leading global alternative asset firm founded in 1992 with more than $73 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com.
Transplace is a North American non-asset based logistics services provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services. The company is the premier provider of managed transportation, consulting & TMS solutions; and intermodal, truck brokerage, and cross-border trade services. With operations centers located throughout North America, Transplace delivers integrated solutions tailored to meet in-country and cross-border supply chain needs. The company is recognized among the elite 3PLs for its proven ability to deliver both rapid return on investment and consistent value to a customer base ranging from mid-market shippers to Fortune 500 companies.
Luke Barrett, 415-743-1550