Palladium Equity Partners acquires TransForce, Inc.
Headquartered in Alexandria, Virginia, Transforce operates 47 branches across 24 states and dispatches more than 2,500 drivers to its customers on a daily basis.
"We believe TransForce has established a differentiated position in the industry through its broad geographic footprint, full service offering, strong safety track record, regulatory expertise, and excellent customer service," said Luis Zaldivar, a Managing Director of Palladium. "My partners and I look forward to supporting the growth of TransForce into new geographies through expected de novo branches and acquisitions."
"We are excited that TransForce has become a member of the Palladium family," said David Broome, President and CEO of TransForce. "Palladium shares our vision for TransForce and has significant experience providing companies with the necessary resources to accelerate growth. With this partnership in place, we believe we are well positioned to tap into strategic opportunities to better serve our customers."
Terms of the investment were not disclosed.