Uber Freight Acquires Transplace from TPG Capital for $2.25B
July 22, 2021
Uber Freight has entered into a definitive agreement to acquire Transplace from TPG Capital for approximately $2.25 billion, consisting of up to $750 million in Uber common stock and the remainder in cash. The deal combines Uber Freight's large digitally-enabled carrier network with Transplace's managed transportation and shipper-facing technology to create a scaled end-to-end logistics platform and accelerate Uber Freight's path to profitability.
- Buyers
- Uber Freight (Uber Technologies, Inc.)
- Targets
- Transplace
- Sellers
- TPG Capital
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Transaction Type
- Buyout
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