Transportation Insight Holding Company (“TI Holdco” or “the Company”), a leading provider of non-asset, tech-enabled enterprise logistics and freight brokerage solutions in North America, today announced the acquisition of Platinum Circle Group, a leading parcel transportation technology and managed services company. The acquisition adds next generation transportation management and e-commerce technology solutions to TI Holdco’s end-to-end logistics platform. These technology solutions allow shippers to proactively manage shipping performance and product margin in real time from a single platform. Platinum Circle Group will operate as a subsidiary of TI Holdco.
“Platinum Circle Group has set the standard for technological innovation in the parcel transportation industry by incorporating real-time tracking, yield capacity and margin analytics directly into its transportation management system (TMS), which allows shippers to optimize their strategy right from the point of a shopping cart order,” said Ken Beyer, CEO, TI Holding Company. “By pairing our deep domain expertise and robust technology capabilities, we are bringing our customers breakthrough solutions across the transportation value chain.”
“By teaming with TI Holdco, we are putting the pieces together to link the critical data, analytics and transportation management technologies needed to transform the transportation industry,” said Hamilton. “Our focus on delivering complete transparency and actionable insights throughout the parcel supply chain, along with TI Holdco’s strengths in brokerage, managed transportation, enterprise logistics and last mile delivery solutions, will create compelling new growth opportunities and move the industry forward.”
TI Holdco is a portfolio company of Gryphon Investors, a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management.