U.S. logistics services company Transplace Inc has bought Lakeside Logistics Inc, an Oakville, Ontario provider of customized managed transportation services and solutions. No financial terms were disclosed for the acquisition, which will see Lakeside become part of its acquirer’s transportation management business. Transplace, which is based in Frisco, Texas, said the deal expands its geographic footprint in Canada. Transplace is owned by Greenbriar Equity Group, a U.S. private equity firm. Greenbriar bought the company from CI Capital Partners in May 2013.
Transplace Acquires Canadian 3PL Lakeside Logistics
Acquisition Expands Third Party Logistics Provider’s North American Footprint, Supports Commitment to Delivering Superior Managed Transportation Services to Shippers
November 28, 2016
DALLAS–(BUSINESS WIRE)–Transplace, a leading provider of transportation management services and logistics technology, today announced that it has acquired Lakeside Logistics, a Canadian-based logistics services company. This acquisition expands Transplace’s presence throughout North America and further supports the company’s commitment to strategic growth in order to meet the supply chain needs of its growing customer base. Terms of the transaction were not disclosed.
Headquartered in Oakville, Ontario, Canada, Lakeside Logistics delivers customized managed transportation services and solutions to help shippers optimize supply chain operations and reduce transportation costs to support business goals. This acquisition continues Transplace’s commitment to expanding the company’s geographic footprint in Canada, which includes the 2012 acquisition of Canadian third party logistics (3PL) provider Torus Freight Systems, and the opening of offices in Calgary and Montreal in 2014.
“Acquiring Lakeside Logistics further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” said Tom Sanderson, CEO, Transplace. “The addition of Lakeside Logistics complements Transplace’s current geographical footprint as well as the company’s mission to deliver outstanding transportation management, intermodal, brokerage, and cross-border trade management services to shippers across North America.”
As one of the leading providers of transportation management services across North America, Transplace generates revenue in excess of $1.6 billion. Owned by Greenbriar Equity Group LLC, Transplace helps its customers manage a wide range of logistics and transportation needs by providing customized solutions through a proprietary web-based TMS platform. The company provides full 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.
Jeff Moore, president & CEO, Lakeside Logistics, said, “Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology and deep industry expertise. We look to continue to grow Transplace’s footprint in Canada and provide outstanding service and value to existing and new customers.”
Lakeside Logistics will operate as part of Transplace’s Transportation Management business, which is led by President & Chief Operating Officer Frank McGuigan, and all employees will report to Transplace Senior Vice President of Operations John Kelly.
McGuigan added, “As one of the few true customer and continuous improvement-focused lead logistics providers in Canada, Lakeside Logistics is a perfect fit to support Transplace’s vision to deliver manufacturers, retailers, chemical and CPG companies the optimal blend of logistics technology and transportation management services. Bringing the Lakeside Logistics team on board better positions us to deliver transportation services that fit the intra-Canada and cross-border shipping needs of our customers.”
Lakeside Logistics was advised by Corporate Finance Associates in the transaction.
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’s services and capabilities include Transportation Management Services, Intermodal, Brokerage and SaaS transportation management (TMS) solutions supplemented by supply chain strategy consulting services. 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.
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Photo courtesy of Transplace Inc