DALLAS, Texas — Transplace announced today that it has acquired Ontario-based Lakeside Logistics.
In a release, Transplace said that this acquisition expands its presence throughout North America and further supports the company’s commitment to strategic growth in order to meet the supply chain needs of its growing customer base.
Lakeside Logistics is headquartered in Oakville, Ont. and delivers customized managed transportation services and solutions to help shippers optimize supply chain operations and reduce transportation costs to support business goals. Douglas Nix of Corporate Finance Associates Worldwide was the advisor to Lakeside.
“Acquiring Lakeside Logistics further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” said Tom Sanderson, CEO, Transplace. “The addition of Lakeside Logistics complements Transplace’s current geographical footprint as well as the company’s mission to deliver outstanding transportation management, intermodal, brokerage, and cross-border trade management services to shippers across North America.”
Jeff Moore, president and CEO, Lakeside Logistics, said, “Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology and deep industry expertise. We look to continue to grow Transplace’s footprint in Canada and provide outstanding service and value to existing and new customers.”
Lakeside Logistics will operate as part of Transplace’s Transportation Management business, which is led by president & COO Frank McGuigan, and all employees will report to Transplace senior vice-president of operations, John Kelly.
McGuigan added, “As one of the few true customer and continuous improvement-focused lead logistics providers in Canada, Lakeside Logistics is a perfect fit to support Transplace’s vision to deliver manufacturers, retailers, chemical and CPG companies the optimal blend of logistics technology and transportation management services. Bringing the Lakeside Logistics team on board better positions us to deliver transportation services that fit the intra-Canada and cross-border shipping needs of our customers.”