Transplace, a provider of transportation management services and logistics technology, has acquired M33 Integrated, a third party logistics (3PL) provider with strength in the packaging, chemical and advanced materials sectors. This acquisition expands Transplace’s vertical expertise and geographical reach, 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.
M33 Integrated delivers a strategic combination of technology tools, intelligence and consultative services to help shippers optimize logistics and reduce transportation costs to support business goals. Through its combination of proprietary technology and supply chain expertise, M33 Integrated delivers logistics solutions to a diverse customer base. M33 Integrated’s Greensboro, N.C. operations center and Greenville, S.C. technology center will become the Transplace Southeastern Center of Excellence, and will operate as part of the company’s Transportation Management business, which is led by President Frank McGuigan.
“M33 Integrated brings a strong management team, robust technology solutions and an excellent customer base, particularly within the growing flexible packaging industry, that are complementary to Transplace’s capabilities,” said Transplace CEO Tom Sanderson. “The addition of M33 Integrated complements Transplace’s current geographical footprint and deepens our middle market penetration, as well as expands on the company’s vision to deliver outstanding value to all North American shippers.”
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.
Scott Riddle, senior partner and co-founder, M33 Integrated, said, “We are thrilled to join Transplace, which positions us to better serve our current customers and allows us to take advantage of Transplace’s experience and scale, along with its award-winning technology and Lean Six Sigma-based processes. We look to continue to grow Transplace across geographical areas and industry verticals and provide superior service and value to existing and new customers.”