Transplace, a Dallas-based provider of transportation management services and logistics technology, announced it has acquired SCO Logistics, a Philadelphia-based logistics services company focused on chemical industry needs and requirements. Terms of the transaction were not disclosed.
“We are pleased to add SCO Logistics’ talented employees to our work force,” says Tom Sanderson, Transplace president and chief executive officer. “We are adding the experience of SCO Logistics in the chemical arena to our broad range of industry verticals that include manufacturing, consumer-packaged goods and retail. Bringing the SCO Logistics team on board allows Transplace a significant opportunity to serve a new set of customers.”
Sanderson says the acquisition leverages Transplace’s investment in building proprietary Transportation Management System (TMS) and Lean Six Sigma capabilities. “Furthermore, this acquisition is an illustration of our commitment and strategic plan to continue growing Transplace and building competitive advantage,” he says.
Transplace generates revenue in excess of $800 million from about 650 customers. 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 freight brokerage services to a diverse blue chip customer base.
“We are excited to join Transplace, which will allow SCO Logistics to realize a number of benefits, including giving our current customers the advantages of Transplace’s experience and scale, its Lean Six Sigma-based processes and its award-winning technology,” says Frank McGuigan, president and CEO of SCO Logistics. “Our similar cultures in serving our customers made it a natural fit for SCO Logistics to join the Transplace organization.”
