Transplace, a provider of transportation management services and logistics technology, has acquired SCO Logistics, a Philadelphia-based logistics services company focused on chemical industry needs and requirements. Terms of the transaction were not disclosed.
The acquisition will allow Transplace to serve a new set of customers in the chemical arena, explains Tom Sanderson, president and CEO of Transplace.
Transplace generates revenue in excess of $800 million from approximately 650 customers. Owned by CI Capital Partners since 2009, Transplace helps its customers manage complex logistics and shipping needs by providing customized solutions through a proprietary web-based transportation management system (TMS) platform. The company provides full transportation outsourcing, carrier contracting and negotiation, and freight brokerage services.