STG Logistics Acquires Best Dedicated Solutions

BlueGrace Logistics Acquires STB Freight Group

November 11, 2025

Logistics & Distribution

BlueGrace Logistics, a Warburg Pincus–backed 3PL, has acquired STB Freight Group, a Northville, Michigan–based managed logistics and trucking provider. The deal expands BlueGrace's Midwest footprint and brings STB customers access to BlueGrace's managed logistics platform, multimodal services, and proprietary optimization technology.

TJC, L.P. Acquires Global Transport Solutions (GTS)

November 27, 2023

Logistics & Distribution

TJC, L.P. (The Jordan Company) has entered into a definitive agreement to acquire Global Transport Solutions Topholding B.V. (GTS), an international maritime-focused logistics and forwarding provider operating under the Marinetrans and Best Global Logistics brands. The investment will provide GTS with resources to support geographic expansion, strengthen its network and capabilities, and accelerate growth across time-critical maritime supply chain markets.

Bluejay Capital Partners Acquires Best Warehousing & Transportation

January 5, 2023

Logistics & Distribution

Bluejay Capital Partners has completed its acquisition of Best Warehousing & Transportation Inc., a third-party logistics provider based in Atlanta with 30 locations across 15 states. The transaction was financed with participation from Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank; BWT's CEO Winston McDonald Jr. retains a sizable ownership stake.

STG Logistics Acquires XPO Logistics' Intermodal Division

March 25, 2022

Transportation

STG Logistics, a Wind Point Partners portfolio company, acquired the intermodal division of XPO Logistics and will operate the combined business as STG Logistics. The transaction created a vertically integrated port-to-door containerized logistics provider and was accompanied by a recapitalization of STG by Wind Point and funds managed by Oaktree Capital Management; financing was led by Antares Capital and other lenders.

Ascend Acquires Dedicated Transportation Solutions (DTS)

January 25, 2022

Transportation

Ascend LLC, a dry-van full truckload carrier backed by Wellspring Capital Management, has acquired Dedicated Transportation Solutions (DTS), a Greenville, South Carolina-based dedicated contract carriage and trucking operator. The transaction expands Ascend’s dedicated contract carriage business and increases its southeastern U.S. footprint and network density across the South, Mid-Atlantic and Midwest.

Descartes Systems Group Acquires BestTransport

August 21, 2019

Transportation

Descartes Systems Group acquired BestTransport.com, Inc., a Columbus, Ohio–based cloud transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors. The acquisition (approximately US$11.2 million, net of working capital) expands Descartes' transportation management footprint and adds BestTransport's flatbed-focused TMS capabilities to Descartes' Global Logistics Network.