Transplace, a provider of transportation management services and logistics technology, announced it has acquired Lakeside Logistics, a Canadian-based logistics services company.
This acquisition expands Transplace’s presence throughout North America and further supports the company’s commitment to strategic growth in order to meet the supply chain needs of its growing customer base, according to the company. Terms of the transaction were not disclosed.
According to the company, this acquisition continues Transplace’s commitment to expanding the company’s geographic footprint in Canada, which includes the 2012 acquisition of Canadian third party logistics (3PL) provider Torus Freight Systems, and the opening of offices in Calgary and Montreal in 2014.
“Acquiring Lakeside Logistics further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” said Tom Sanderson, CEO, Transplace. “The addition of Lakeside Logistics complements Transplace’s current geographical footprint as well as the company’s mission to deliver outstanding transportation management, intermodal, brokerage, and cross-border trade management services to shippers across North America.”
Jeff Moore, president & CEO, Lakeside Logistics, said: “Joining Transplace gives our current customers access to the company’s broad range of transportation services, logistics technology and deep industry expertise. We look to continue to grow Transplace’s footprint in Canada and provide outstanding service and value to existing and new customers.”