Triumph Financial to Acquire Greenscreens.ai for $160M
Deal News | Feb 26, 2025 | Globenewswire
Triumph Financial, Inc., a leading financial and technology company, has announced its plans to acquire Greenscreens.ai, a logistics industry pricing solution provider, for a total of $160 million. The acquisition, composed of $140 million in cash and $20 million in Triumph Financial (TFIN) stock, is expected to be finalized in the second quarter of 2025, pending regulatory approval. Greenscreens.ai's machine learning-driven platform provides short-term freight market pricing intelligence and business insights, which aligns with Triumph Financial's strategy to enhance its data-driven intelligence solutions in the transportation industry. J.P. Morgan is advising Triumph Financial on the transaction, with legal advice from Wachtell, Lipton, Rosen & Katz, while DLA Piper provides legal counsel to Greenscreens.ai.
Sectors
- Financial Services
- Logistics Technology
Geography
- United States – Triumph Financial is headquartered in Dallas, Texas, and operates its business across the United States, particularly in the financial services sector.
Industry
- Financial Services – Triumph Financial operates as a financial holding company offering various financial services, including payments, factoring, and banking solutions.
- Logistics Technology – Greenscreens.ai provides advanced pricing and market intelligence solutions for the logistics industry using machine learning technology.
Financials
- $140 million – Cash component of the acquisition deal for Greenscreens.ai.
- $20 million – Triumph Financial stock component of the acquisition deal for Greenscreens.ai.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triumph Financial, Inc. | Bidding Company | Company | A financial holding company specializing in payments, factoring, banking, and intelligence solutions focused on the transportation industry. |
| Greenscreens.ai | Target Company | Company | A provider of dynamic pricing solutions and market intelligence for the logistics industry using machine learning technology. |
| J.P. Morgan | Financial Advisor | Company | Advising Triumph Financial on the acquisition transaction with Greenscreens.ai. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Acting as legal counsel to Triumph Financial in connection with the acquisition of Greenscreens.ai. |
| DLA Piper | Legal Advisor | Company | Providing legal counsel to Greenscreens.ai in the acquisition transaction. |
| Aaron P. Graft | Spokesperson, Triumph Financial | Person | Founder, vice chairman, and chief executive officer of Triumph Financial, emphasizing the strategic importance of the Greenscreens.ai acquisition. |
| Dawn Salvucci-Favier | Spokesperson, Greenscreens.ai | Person | Chief executive officer of Greenscreens.ai, highlighting the growth and innovation potential of joining Triumph Financial. |