Purchase of Logistics Management Solutions expands Transplace’s customer base.
The third party logistics services and transportation management system provider Transplace has acquired the non-asset-based 3PL Logistics Management Solutions, Transplace said Tuesday.
LMS has a particular strength in the chemical and industrial manufacturing sectors, where it provides, among other things, transportation management services. According to LMS, the company’s customers include the agrochemical company Monsanto as well as “several other Fortune 400 companies.”
Transplace Chief Executive Officer Tom Sanderson said, “Acquiring LMS further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers. We are pleased to add LMS’ knowledgeable, experienced employees to our workforce. Bringing the LMS team on board allows Transplace to offer more services to its existing customers and to serve an entirely new set of customers, as well as continue to expand our presence in key verticals, such as the chemical industry.”
Transplace, owned by Greenbriar Equity Group, is one of the top freight brokers in the U.S. and also provides 3PL transportation management services across North America. The company’s revenue is $1.4 billion. Aside from its proprietary web-based TMS platform, the company provides transportation outsourcing, carrier contracting and negotiation, and intermodal and freight brokerage services to a customer base of manufacturers, retailers, consumer goods and chemical companies.
“Joining Transplace positions us to better serve our current customers, allowing us to take advantage of Transplace’s experience and scale,” said Dennis Schoemehl, CEO of Logistics Management Solutions.
Schoemehl will remain an advisor to Tom Sanderson, and LMS President and Chief Operating Officer Greg Umstead will continue to operate the business as a member of the Transplace leadership team. LMS was advised by Raymond James & Associates, Inc.
Terms of the deal were not disclosed.
Transplace acquires chermical/industrial-focused 3PL
