BlueGrace Boosts Capabilities with FreightCenter Acquisition
Deal News | Jan 07, 2025 | Globenewswire
In a significant strategic move, BlueGrace Logistics, a leading Third-Party Logistics (3PL) provider, has announced its acquisition of FreightCenter, a well-known online transportation solutions provider. This acquisition, effective from January 7, 2025, enhances BlueGrace's logistics offerings by integrating FreightCenter's client base with BlueGrace's transport management systems and services. Customers of FreightCenter will benefit from advanced tools such as the BlueShip Transportation Management System (TMS) and EVOS load optimization tools, among others. CEO of BlueGrace, Bobby Harris, emphasized that this acquisition is key to advancing their commitment to innovative freight solutions and improving logistics experiences for customers. FreightCenter will continue to operate independently but under the BlueGrace brand, ensuring service continuity. This acquisition aligns with BlueGrace's mission to provide tailored freight solutions while driving long-term growth. BlueGrace is supported by a broad network of carriers and is part of Warburg Pincus's technology portfolio.
Sectors
- Logistics
- Transportation Technology
Geography
- United States – This is relevant because BlueGrace Logistics operates throughout North America with headquarters in Tampa, FL, indicating the geographical focus of the acquisition.
- Mexico – BlueGrace Logistics has operational offices in Mexico, making it a secondary geographic area of interest relevant to the acquisition.
Industry
- Logistics – The article is centered around logistics as it discusses the acquisition in the third-party logistics sector, involving companies that provide transportation and freight management services.
- Transportation Technology – The industry pertains to the technology used in transportation management, highlighted by the integration of systems like BlueShip TMS and EVOS load optimization tools resulting from the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BlueGrace Logistics | Bidding Company | Company | A leading Third-Party Logistics (3PL) provider, offering customizable transportation management solutions across North America. |
| FreightCenter | Target Company | Company | An online transportation solutions provider operating for 26 years, known for its efficient freight management services. |
| Warburg Pincus | Backer | Company | A global private equity firm that includes BlueGrace Logistics in its technology portfolio. |
| Bobby Harris | CEO and Founder | Person | Chief Executive Officer of BlueGrace Logistics, leading the acquisition strategy. |
| Matt Brosious | CEO | Person | Chief Executive Officer of FreightCenter, overseeing the inclusion into BlueGrace. |