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HICKORY, N.C., Sept. 25, 2019 /PRNewswire/ — Transportation Insight, a leader in Enterprise Logistics solutions and services for the end-to-end supply chain, has completed another acquisition to strengthen its leadership position in Enterprise Logistics. Transportation Insight has acquired The Transportation Specialist’s Group Inc., TSG Specialized Services Division, LLC and Transportation Specialist’s Group Central Division, LLC, collectively known as TSG, a technology-enabled transportation management business.
“Transportation Insight’s long-term strategy of supplementing its organic growth with selective strategic acquisitions has helped the company grow to nearly $2.3 billion in gross revenue reported at the end of 2018, as seen in the firm’s recent 10th place position among the Inc. 5000’s largest companies based on revenue,” says Transportation Insight Founder and Chairman Paul Thompson. “By acquiring TSG, Transportation Insight is continuing a core merger and acquisition strategy of buying well-positioned enterprise logistics businesses with a strong customer base.”
K&L Gates LLP served as the lead legal advisor to Transportation Insight and Stillman Welch, LLC, served as the legal advisor to TSG. Stillwater Capital Corporation served as financial advisor to TSG.