Frisco Logistics Giant Transplace Sells to TPG Capital

Transplace, a Frisco-based transportation management and logisitics firm serving 1,000 middle market and Fortune 500 companies, is being acquired by TPG Capital and the company's management for an undisclosed amount.TPG, a private equity firm with offices in Dallas and Fort Worth, and management are buying the company from Greenbriar Equity Group LLC, a New York private equity firm that purchased Transplace in 2013. The deal is expected to close in late-September. Transplace bills itself as the largest managed transportation service provider in North America, with annual revenue exceeding $1.8 billion. It works with manufacturers, retailers, chemical and consumer packaged goods companies to move products by truck, train and ship."... We believe Transplace is well positioned to thrive from the immense technological change happening within logistics today," said Jack Daly, TPG's global head of industrials and business services, in a statement.Transplace CEO Tom Sanderson credited Greenbriar with helping the company grow, including "four successful acquisitions in the last four years.""With TPG Capital, we intend to continue to supplement our strong organic growth track record with strategic acquisitions," Sanderson said.  Continue reading...