Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised GlobalTranz Enterprises, Inc. (GlobalTranz), a portfolio company of The Jordan Company, L.P. (TJC), on its sale to funds advised by Providence Equity Partners L.L.C. and its affiliates (Providence). GlobalTranz is a leading technology and third-party logistics (3PL) solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers. The transaction was led by Jason Bass, Frank Mountcastle, Jeff Burkett, James O’Malley and Elliott Yousefian of Harris Williams’ Transportation & Logistics (T&L) Group.
GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2018, Transport Topics named GlobalTranz a top 10 largest freight brokerage firm in the U.S.
TJC, founded in 1982, is a middle market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 37-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Business Services, Consumer & Healthcare, Financial Services, Industrials & Distribution, Telecom, Technology & Utility and Transportation & Logistics. The senior investment team has been investing together for over 20 years, and it is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago.
Providence is a premier global asset management firm with approximately $40 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, Rhode Island, and also has offices in New York City and London.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams’ T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, automotive and heavy duty vehicle, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.
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