Headquartered in Oakville, Ontario, Canada, Lakeside Logistics provides customized managed transportation services and solutions to help shippers optimize supply chain operations and reduce transportation costs to support business goals. This acquisition continues Transplace's plan of expanding 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."

Transplace generates revenue in excess of $1.6bn. Owned by Greenbriar Equity Group LLC, Transplace helps its customers manage a range of logistics and transportation needs by providing customized tools through a proprietary web-based TMS platform. The company provides transportation outsourcing, carrier contracting and negotiation, and intermodal and freight brokerage services to a customer base of manufacturers, retailers, consumer goods and chemical companies.

Lakeside Logistics will operate as part of Transplace's Transportation Management business, which is led by president and chief operating officer Frank McGuigan.

Source: Transplace