What Transplace’s Acquisition of LMS Means for the Company and You
By: Frank McGuigan, President & Chief Operating Officer, Transplace
As you may have heard, Transplace recently acquired Logistics Management Solutions (LMS). A non-asset third party logistics (3PL) provider, LMS has particular strength in the chemical and industrial manufacturing sectors and offers advanced technology as well as results-oriented services that help shippers improve their safety, service levels and financial performance.
Acquisition supports Transplace’s commitment to growth
Acquiring LMS helps further support the commitment and strategic plan to continue growing Transplace – both organically and through smart acquisitions. By bringing the LMS team on board, we’re adding to our management team and strengthening our bench of knowledgeable, experienced employees. This allows Transplace to offer expanded services to our existing customers and to serve an entirely new set of customers, as well as continue to grow our presence in key verticals, such as the chemical industry.
This acquisition, like the three other acquisitions Transplace has completed over the last few years, have been driven by the goal to increase our capabilities and better serve our customers. Adding SCO Logistics, Celtic International and Torus Freight Systems helped broaden our vertical experience, strengthen intermodal capabilities and expanded geographical reach. Those acquisitions also facilitated organic growth by allowing us to offer additional services and greater industry expertise to existing customers. This commitment to advancement is continued with the addition of LMS.
Transplace is always looking for ways to grow, and we will continuously look for acquisition candidates that align with our strategy and help us build a competitive advantage for our company and our customers.
Why LMS was a good fit
As with all of our acquisitions, it’s important to Transplace to find companies that are a great fit – both in their capabilities but also their culture. With LMS, we found a company with tremendous talent, a blue-chip customer base and values that are consistent with Transplace’s core values. It is a growing and profitable business focused on thrilling its customers through process and technology excellence. LMS strengthens our current position in the chemical and industrial manufacturing verticals.
As mentioned earlier, bringing the LMS team on board adds tremendous depth to our management team and adds significant expertise in supply chain issues facing the chemical and industrial manufacturing industries. Expanding our presence in the Northeast and establishing a presence in St. Louis will allow us to serve customers better and attract the talent required to better serve our customers. We also expect to add several LMS customers to our Customer Advisory Board, thereby facilitating collaboration with our current accounts.
Expanded Transplace service portfolio
Through this acquisition, LMS expands Transplace’s service offering in the chemical vertical as well as specific offerings, such as bulk, rail carload and LTL. LMS has excellent capabilities and services in the area of procurement, carrier contracting and relationships, and technology capabilities – all areas that are consistent with our solutions and focus areas.
Joining LMS with Transplace is going to allow us to grow across geographical areas and industry verticals all while enhancing service to customers. I’m very excited for what the future will bring to our growing company, leadership team, workforce and customer base.
Do you have questions about the acquisition?