Transplace has acquired Logistics Management Solutions (LMS), a non-asset-based third party logistics (3PL) provider.
Terms of the transaction were not disclosed.
LMS, which was established in 1996, offers advanced technology and services that help shippers improve safety, service levels and financial performance.
“Acquiring LMS further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers,” said Transplace CEO Tom Sanderson. “We are pleased to add LMS’s knowledgeable, experienced employees to our workforce. Bringing the LMS team on board allows Transplace to offer more services to its existing customers and to serve an entirely new set of customers, as well as continue to expand our presence in key verticals, such as the chemical industry.”
“Joining Transplace positions us to better serve our current customers, allowing us to take advantage of Transplace’s experience and scale along with its award-winning technology and Lean Six Sigma-based processes. It is a privilege to have the opportunity to work with industry leaders such as Tom Sanderson, Frank McGuigan and George Abernathy as they continue to grow Transplace across geographical areas and industry verticals,” said Dennis Schoemehl, CEO, Logistics Management Solutions.
Schoemehl will remain an advisor to Sanderson, and LMS President & COO Greg Umstead will continue to operate the business as a key member of the Transplace leadership team.