Transplace, a Frisco, TX-based provider of transportation management and other third-party logistics services, has been acquired by TPG Capital, the global private equity platform of alternative asset firm TPG.
TPG is partnering with company management to purchase Transplace from Greenbriar Equity Group. The transaction is expected to close in September and is subject to customary closing conditions, including regulatory approvals.
Additional terms were not disclosed.
The investment will support the continued growth of the business.
Founded in 2000 and led by Frank McGuigan, President & COO, and Tom Sanderson, CEO, Transplace is a provider of managed transportation, supply chain consulting and transportation management systems (TMS) technology solutions, as well as other intermodal, truck brokerage, and cross-border trade services to manufacturers, retailers, chemical and consumer-packaged goods companies across North America.