Transplace LLC, a third-party logistics provider (3PL) said today it has acquired M33 Integrated, a Greenville, S.C.-based 3PL that focuses on the packaging, chemical, and advanced-materials sectors. Terms of the transaction were not disclosed.
In a statement, Dallas-based Transplace said the acquisition extends its footprint in industry verticals and its geographical reach. "M33 Integrated brings a strong management team, robust technology solutions, and an excellent customer base, particularly within the growing flexible-packaging industry, that are complementary to Transplace's capabilities," said Transplace CEO Tom Sanderson in the statement.
Transplace, which is owned by private equity firm Greenbriar Equity Group LLC, generates annualized revenue of more than $1.6 billion.