Harris Williams & Co. Advises GlobalTranz Enterprises, Inc. on its Pending Sale to The Jordan Company
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it is advising GlobalTranz Enterprises, Inc. (GlobalTranz), a portfolio company of Providence Strategic Growth (Providence), the growth equity affiliate of Providence Equity Partners, Susquehanna Growth Equity, Volition Capital and Savano Capital Partners, on its pending sale to The Jordan Company (TJC). GlobalTranz is a leading technology-driven third-party logistics (3PL) solutions provider. The transaction is being led by Jason Bass, Frank Mountcastle, Jeff Burkett, James O'Malley and Elliott Yousefian of Harris Williams & Co.’s Transportation & Logistics (T&L) Group and Jeff Bistrong, Tyler Dewing and Andy Leed of the firm’s Technology, Media & Telecom (TMT) Group.
“GlobalTranz has truly become a market leader in the 3PL space and we look forward to seeing their continued success in partnership with TJC. This represents a marquee transaction for the firm and continues our unmatched track record in the sector,” said Jason Bass, a managing director at Harris Williams & Co.
Jeff Burkett, a director at Harris Williams & Co. added, “GlobalTranz has leveraged its best-in-class technology to deliver unparalleled growth. Bob Farrell, Renee Krug, and the broader GlobalTranz management team have done a terrific job differentiating GlobalTranz in the market, positioning the company for continued future growth.”
GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers and a network of over 34,000 carriers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S.
TJC, founded in 1982, is a middle market private equity firm with original capital commitments in excess of $10 billion and a 36-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago, Illinois.
Harris Williams & Co. (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 & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s 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 & Co. website.
Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. 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 & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.