CI Capital Partners said on Monday that it has sold Transplace to Greenbriar Equity Group. No financial terms were disclosed. Based in Frisco, TX, Transplace is a provider of third party logistics.
NEW YORK–(BUSINESS WIRE)–CI Capital Partners announced today that it has completed the sale of its portfolio company, Transplace, to Greenbriar Equity Group. Transplace is a leading provider of non-asset based third party logistics (“3PL”), intermodal and truck brokerage services. CI Capital acquired Transplace in partnership with its management in 2009. Terms of the transaction were not disclosed.
Transplace was founded in 2000 by six of the largest freight carriers in the U.S. and helps Fortune 1000 customers manage their complex logistics and transportation needs. Transplace provides full transportation outsourcing, carrier contracting and negotiation, intermodal and freight brokerage services to a diversified blue-chip customer base. Transplace generates gross revenue in excess of $1.3 billion from more than 700 customers.
Joost Thesseling of CI Capital said: “Throughout our history as a firm, we have made investments in businesses operated by high-caliber management teams. Together with Tom Sanderson and the Transplace team, we built a leading third-party logistics company through strategic acquisitions and organic growth. We believe that Transplace is well-positioned to continue to expand its business.”
“CI Capital has been a great partner and provided the company and our management team the necessary support to execute its growth and acquisition strategy,” said Tom Sanderson, Chief Executive Officer of Transplace. “We look forward to continuing the company’s growth trajectory.”
About CI Capital Partners
CI Capital Partners LLC, a North American private equity firm, has been investing in middle-market companies since 1993. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Since the firm’s inception, CI Capital and its portfolio companies have made more than 100 acquisitions representing over $6 billion in enterprise value. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of close to $4 billion, EBITDA of over $350 million and employ approximately 15,000 people. To learn more about CI Capital Partners, please visit www.cicapllc.com.