Transplace, a provider of transportation management services and logistics technology, 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 Corporate Finance Associates. Terms of the transaction were not disclosed.
"Acquiring Torus, a Canadian 3PL, continues our expansion through strategic acquisition. In 2011, Transplace acquired SCO Logistics to broaden our vertical experience in chemicals and joined forces with Celtic International bringing us door-to-door intermodal expertise. Geographic expansion was our goal, and that's exactly what we have accomplished with this acquisition," said Transplace CEO Tom Sanderson.
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. Owned by CI Capital Partners since 2009, 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.