Transplace buys Lakeside Logistics

by Inside Logistics Online Staff

Dallas, Texas—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. Terms of the transaction were not disclosed.

Headquartered in Oakville, Ontario, Canada, Lakeside Logistics delivers customized managed transportation services and solutions.

This acquisition continues Transplace’s expansion in Canada, which includes the 2012 acquisition of Canadian third party logistics (3PL) provider Torus Freight Systems, and the opening of offices in Calgary and Montreal in 2014.

Transplace generates revenue in excess of $1.6 billion annually. Owned by Greenbriar Equity Group LLC, Transplace provides customized solutions through a proprietary web-based TMS platform. The company provides 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.

Jeff Moore, president and CEO of Lakeside Logistics, said, “Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology and deep industry expertise. 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, which is led by president and COO Frank McGuigan, and all employees will report to Transplace senior vice-president of operations John Kelly.

McGuigan added, “As one of the few true customer and continuous improvement-focused lead logistics providers in Canada, Lakeside Logistics is a perfect fit to support Transplace’s vision to deliver manufacturers, retailers, chemical and CPG companies the optimal blend of logistics technology and transportation management services. Bringing the Lakeside Logistics team on board better positions us to deliver transportation services that fit the intra-Canada and cross-border shipping needs of our customers.”

Lakeside Logistics was advised by Corporate Finance Associates in the transaction.