Announced
Financials
Tags
Acquisition
transportation management business
Private
Friendly
Majority
United States
Third Party Logistics (3PL)
Pending
Single Bidder
Synopsis
Transportation Insight, a leader in Enterprise Logistics solutions and services for the end-to-end supply chain, agreed to acquire Transportation Specialist's Group, a technology-enabled transportation management business. Financial terms were not disclosed. "Transportation Insight's long-term strategy of supplementing its organic growth with selective strategic acquisitions has helped the company grow to nearly $2.3bn in gross revenue reported at the end of 2018, as seen in the firm's recent 10th place position among the Inc. 5000's largest companies based on revenue. By acquiring TSG, Transportation Insight is continuing a core merger and acquisition strategy of buying well-positioned enterprise logistics businesses with a strong customer base." Paul Thompson, Transportation Insight Founder, and Chairman.
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