Transport Investments, Inc. Invests in US Logistics, LLC and Nationwide Logistics, LLC

Jones Logistics Acquires Nationwide Express

February 2, 2023

Logistics & Distribution

Jones Logistics (a portfolio company of Jones Capital) has acquired Nationwide Express, a Central Tennessee-based provider of dedicated trucking, warehousing, 3PL, recycling transportation and waste management services. The deal expands JoLo’s geographic footprint across the Southeast and enhances its service offerings (warehousing, intermodal and managed transportation), increasing the combined company's scale and capabilities.

Transport Investments Acquires SmartWay Transportation

March 14, 2022

Transportation

Transport Investments, Inc. (a Gemspring Capital portfolio company) has acquired SmartWay Transportation, LLC, a multimodal freight brokerage and transportation management firm based in Overland Park, Kansas. The transaction is an add-on to Transport’s platform intended to expand its brokerage and transportation-management capabilities and give SmartWay’s ~800 customers access to Transport’s broader capacity and value-added logistics services.

PLS Logistics Services Acquires D&L Transport

September 20, 2021

Logistics & Distribution

PLS Logistics Services, a technology-driven third-party logistics provider based in Cranberry Township, Pennsylvania, has acquired D&L Transport, a freight brokerage headquartered in Overland Park, Kansas. D&L will operate as an independent subsidiary with Brian DeFrain remaining president, and PLS expects the transaction to increase its annual revenue run rate to $950 million (with a projected ~$1.2 billion in 2022).

MGN Logistics Acquires Republic Logistic Services

July 23, 2021

Logistics & Distribution

MGN Logistics, Inc. acquired Republic Logistic Services, a California-based niche freight brokerage, to establish a West Coast presence and expand its freight management business. The deal is intended to support wider adoption of MGN's proprietary cloud-based Transportation Management System (TMS) and improve service for existing and new customers.

Gemspring Capital Acquires Transport Investments, Inc. from Revelstoke Capital Partners

June 10, 2021

Transportation

Gemspring Capital Management (through an affiliate) has invested in Transport Investments, Inc., partnering with the company's executives while Revelstoke Capital Partners exited its investment. Transport is an asset-light heavy-haul, flatbed and specialized transportation and logistics provider operating across the United States and Canada and handles over 250,000 loads annually; Gemspring intends to support network expansion, capability enhancement and strategic add-on acquisitions.

Hudson Hill Capital Forms Fusion Transport by Acquiring Majority Stakes in Global Transport Logistics and Am Trans Expedite

June 1, 2019

Logistics & Distribution

Hudson Hill Capital acquired majority stakes in Global Transport Logistics, Inc. (GTLi) and Am Trans Expedite, Inc. and combined them into a new holding company, Fusion Transport LLC, to create a national logistics platform focused on retail consolidation, LTL shipping and multimodal brokerage. The founders and senior executives of both companies retained meaningful equity and continue in leadership roles while Ally Financial provided acquisition financing.