Transplace Acquires Lakeside Logistics
Transplace, a provider of transportation management services and logistics technology, has acquired Lakeside Logistics, a Canadian-based logistics services company. The acquisition expands Transplace’s presence throughout North America and further supports the company’s commitment to strategic growth in order to meet the supply chain needs of its growing customer base.
Headquartered in Oakville, Ontario, Canada, Lakeside Logistics delivers customized managed transportation services and solutions to help shippers optimize supply chain operations and reduce transportation costs to support business goals. This acquisition continues Transplace’s commitment to expanding the company’s geographic footprint in Canada, which includes the 2012 acquisition of Canadian third party logistics provider Torus Freight Systems, and the opening of offices in Calgary and Montreal in 2014.
“Acquiring Lakeside Logistics further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” said Tom Sanderson, CEO of Transplace. “The addition of Lakeside Logistics complements Transplace’s current geographical footprint as well as the company’s mission to deliver outstanding transportation management, intermodal, brokerage, and cross-border trade management services to shippers across North America.”
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.
“Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology, and deep industry expertise,” said Jeff Moore, president and CEO of Lakeside Logistics. “We look to continue to grow Transplace’s footprint in Canada and provide outstanding service and value to existing and new customers.”
Lakeside Logistics will operate as part of Transplace’s transportation management business.