Transplace buys Canadian firm Lakeside Logistics
Transportation management services and logistics technology Transplace has acquired Canadian logistics services company, Lakeside Logistics.
Terms of the deal have not been disclosed.
The acquisition will enable Transplace to expand its operations in North America and meet the supply chain needs of the growing customer base.
Based in Oakville of Ontario, Lakeside Logistics delivers customized managed transportation services and solutions for the shippers to optimize supply chain operations and reduce transportation costs.
Transplace will include Lakeside Logistics in its transportation management business, which is headed by president and COO Frank McGuigan.
Transplace also acquired Canadian third party logistics (3PL) provider, Torus Freight Systems, in 2012.
Transplace CEO Tom Sanderson said: “Acquiring Lakeside Logistics further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers.
“The addition of Lakeside Logistics complements Transplace’s current geographical footprint as well as the company’s mission to deliver outstanding transportation management, intermodal, brokerage, and cross-border trade management services to shippers across North America.”
Lakeside Logistics president and CEO Jeff Moore said: “Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology and deep industry expertise.”
Transplace provides transportation outsourcing, carrier contracting and negotiation, and intermodal and freight brokerage services to the manufacturers, retailers, chemical and consumer packaged goods companies
The company generates revenue of around $1.6bn per annum.
Image: Transplace has acquired Ontario-based Lakeside Logistics. Photo: courtesy of adamr / FreeDigitalPhotos.net.