Overland Park Kansas, Tiger Cool Express (“TCX”) announced today that it received commitments for significant additional equity funding from its private equity backers, Tiger Infrastructure Partners and Barings. TCX CEO, Tom Finkbiner, explained, “this capital infusion will allow TCX to continue its fast growth trajectory and facilitate TCX’s goal of becoming the leading provider of temperature-controlled intermodal service in North America.”

The Company also announced that Tom Finkbiner has been promoted to Chairman of TCX. Finkbiner, who will also continue to serve as CEO, indicated that he intends to step down as CEO during 2017 pending the recruitment of his successor. Finkbiner added: “since founding TCX in 2013, we have built a world class business with almost $100 million in revenues, a fleet of over 700 state of the art refrigerated containers, a diversified group of customers, sophisticated IT infrastructure, and critical long-term rail relationships. It is the right time to plan for an efficient transition to the next leader of TCX. I plan to stay on as CEO until my successor is on-board and in my new role as Chairman in the longer term.“

Additionally, Larry Shugart will be joining TCX as President. Mr. Shugart previously held prior roles at Worley Parsons and CSX among other roles. Finkbiner commented, “Larry’s hire comes on the back of a number of internal promotions and hires in sales and operations as we continue to strengthen our organization.”