Tiger Cool Express, an intermodal firm specializing in temperature-controlled freight, announced that it has received commitments for significant additional funding from private equity backers Tiger Infrastructure Partners and Barings.
“This capital infusion will allow TCX to continue its fast growth trajectory and facilitate TCX’s goal of becoming the leading provider of temperature-controlled intermodal service in North America,” said Finkbiner.
The company also announced that CEO Tom Finkbiner has been named chairman of TCX. Finkbiner will continue to serve as CEO until a successor is named. TCX has also named a new company president, Larry Shugart, who previously held roles at Worley Parsons and CSX.
“Since founding TCX in 2013, we have built a world-class business with almost $100 million in revenues, a fleet of over 700 state of the art refrigerated containers, a diversified group of customers, sophisticated IT infrastructure, and critical long-term rail operations," said Finkbiner. “Larry’s hire comes on the back of a number of internal promotions and hires in sales and operations as we continue to strengthen our organization.”