January 22, 2013 (Oakville, ON) – Douglas Nix, Vice Chairman of Corporate Finance Associates, is pleased to announce CFA Toronto’s 6th completed transaction of 2012 and CFA’s 40th mid-market North American transaction of the year.
On December 4, 2012, Transplace LLC, a leading provider of transportation management services and logistics technology, based in Frisco, Texas, announced it has acquired Torus Freight Systems, a Canadian-based logistics services company focused on Canadian cross-border and intra-Canada freight. Torus was represented by CFA Toronto West. Terms of the transaction were not disclosed.
Transplace is a portfolio company of New York-based private equity firm CI Capital Partners since 2009. “Acquiring Torus, a leading Canadian 3PL, continues our expansion through strategic acquisition. Geographic expansion was our goal, and that’s exactly what we have accomplished with this acquisition,” said Transplace CEO Tom Sanderson.
“We are pleased to add Torus’ expert employees to our workforce and their strong Canadian carrier base to our portfolio, and it also perfectly balances our strong presence in Mexico. Bringing the Torus team on board allows Transplace to offer more services to existing customers and to serve a new set of customers.
This acquisition further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers.”
As one of the top ten freight capacity brokers in the U.S. and a leading provider of 3PL services, Transplace generates revenue in excess of $1.3 billion. Transplace helps its customers manage complex logistics and shipping 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 blue chip customer base.
Joost Thesseling, managing director at CI Capital Partners, said, “The acquisition of Torus is an important step in Transplace’s strategy of complementing its strong organic growth with selective, strategic acquisitions. Torus is a great addition to the Transplace portfolio, and we are excited to support Tom Sanderson and the rest of the Transplace management team in building the business across North America.”
"We have a very strong network to meet our customers’ predominantly northbound requirements from all points in the USA to Canada. We also provide southbound service to the USA and domestic service within Canada,” said Angelo LaMantia, president and CEO, Torus. “Joining Transplace allows us to give our current customers further reach and scale into all of North America, including Mexico, along with the advantage of Transplace’s vertical and mode experience.”
About Corporate Finance Associates:
Corporate Finance Associates is one of the top ten investment banks in North America. In 2012, CFA completed 43 mid-market M&A transactions, of which 7 were completed by CFA Toronto. Founded in 1956, it has 20 offices in North America and 14 affiliates in Europe, Asia and South America. Since it's founding, CFA has completed more than 5,000 transactions.
About Transplace:
Transplace is a North American non-asset-based third party logistics (3PL) provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services. They provide a comprehensive mix of transportation management and technology services including supply chain consulting and execution ranging from end-to-end logistics outsourcing to intermodal, freight brokerage and SaaS TMS. The company is recognized among the elite global 3PLs by a customer base that includes many of the largest shippers in the world.
