MODE completes acquisition of SunteckTTS, creating $2B company

Combined 3PL will offer range of capabilities across all major modes of transportation, including truckload, less-than-truckload

Commercial Vehicle Staff

Dec. 19, 2019

2 min read

Sunteck Tts Reefer Truck Cropped Main 5dfb7f4106750

Dallas TX-based MODE Transportation recently completed the acquisition of SunteckTTS.

The two companies are multimodal third-party transportation and logistics providers that, combined, will facilitate more than 1.5 million annual customer shipments and generate more than $2 billion in revenue, MODE said.

The combined company will offer a range of capabilities across all major modes of transportation, including truckload, less-than-truckload, rail intermodal, drayage, air, ocean and parcel freight. The company will leverage its increased scale and resources to continue investing in technology and innovation for the benefit of its agent, shipper and carrier communities.

“MODE and SunteckTTS together will create one of the strongest and most customer-focused multimodal 3PLs in the industry,” said Jim Damman, CEO of MODE Transportation. “We are excited to leverage our combined talent and expertise to bring an enhanced suite of capabilities and creative solutions to our customers, agents and carriers.”

MODE is a privately held portfolio company of funds affiliated with York Capital Management. SunteckTTS is a portfolio company of funds affiliated with Comvest Partners, which will continue to own an interest in the company following the completion of the transaction.

“Since the announcement of the combination of MODE and SunteckTTS, we have received overwhelmingly positive feedback from our employees, agents, carrier partners and shippers,” said Ken Forster, president and chief operating officer of MODE, and formerly CEO of SunteckTTS. “We are excited about our new team and capabilities and look forward to integrating our platforms and gaining the benefits of this industry changing transaction.”