Harris Williams Advises Transportation Insight on its Sale to Gryphon Investors

September 4, 2018

Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Transportation Insight, a portfolio company of Ridgemont Equity Partners (Ridgemont), on its sale to Gryphon Investors. Transportation Insight provides customized supply chain solutions for manufacturers, retailers and distributors across North America. The transaction was led by Jason Bass, Frank Mountcastle, Jeff Burkett, Jeff Kidd, Jonathan Meredith and Elliott Yousefian of Harris Williams’ Transportation & Logistics (T&L) Group.

“We are thrilled to have had the opportunity to work with Chairman Paul Thompson, CEO Chris Baltz and their talented team of executives and associates. Their collective vision and tireless execution, coupled with the unwavering support of Ridgemont, has propelled Transportation Insight to its position as a market leader in the Transportation Management / Enterprise Logistics sector,” said Jason Bass, a managing director at Harris Williams. “We look forward to seeing the company’s continued success along with its new partner. Gryphon Investors will be a great partner for Transportation Insight and will bring its value-added and growth-oriented perspective to the business.”

“This transaction illustrates the strong market interest in third-party logistics platforms of scale with best-in-class technology and talent. We are delighted to have helped the shareholders realize a great outcome and are excited for Transportation Insight’s next phase of growth,” said Frank Mountcastle, a managing director at Harris Williams.

Transportation Insight is a multi-modal, lead logistics provider with approximately $4 billion of annual transportation-related spend under management.  For nearly 20 years, the Enterprise Logistics Solutions Provider has partnered with manufacturers, retailers and distributors to achieve significant cost savings, reduce cycle times, and improve customer satisfaction rates by providing customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications, parcel technology platform (audit, engineering, advanced analytics), and business intelligence. Serving over 1,500 clients, its logistics services portfolio includes domestic transportation, e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting, and supply chain sourcing of indirect materials including secondary packaging.

Ridgemont is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $4 billion in 143 companies. The firm focuses on investments of $25 million to $150 million in industries in which it has deep expertise, including business & industrial services, energy, healthcare, and technology and telecommunications.

Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle market companies in partnership with experienced management. For 23 consecutive quarters, Gryphon has been ranked in Preqin’s prestigious quarterly PE report as one of North America’s top-decile buyout firms based on consistency of strong investment returns. Managing over $4 billion of equity investments and capital since 1997, the firm has an extensive track record of leading equity investments of $50 million to $200 million per portfolio company with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources and operational expertise.

Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams’ T&L Group serves companies in a broad range of attractive niches, including automotive and heavy duty vehicle, third-party logistics (3PL), truck, rail, marine and air transportation, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.