M&A Deal Summary

Uber Acquires Transplace

On July 22, 2021, Uber acquired transportation company Transplace from TPG for 2.3B USD

Acquisition Highlights
  • This is Uber’s 2nd transaction in the Transportation sector.
  • This is Uber’s 3rd largest (disclosed) transaction.
  • This is Uber’s 8th transaction in the United States.
  • This is Uber’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-07-22
Target Transplace
Sector Transportation
Buyer(s) Uber
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Goldman Sachs
Harris Williams & Co. (Financial)
Kirkland & Ellis
Cleary Gottlieb Steen & Hamilton (Legal)

Target

Transplace

Frisco, Texas, United States
website
Transplace is a provider of managed transportation, supply chain consulting and transportation management systems (TMS) technology solutions, as well as other intermodal, truck brokerage, and cross-border trade services. Providing manufacturers, retailers, chemical and consumer-packaged goods companies with the optimal blend of logistics technology and transportation management services, Transplace delivers integrated solutions tailored to meet customers’ in-country and cross-border supply chain needs. Transplace was founded in 2000 and is based in Frisco, Texas.

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Buyer(S) 1

Buyer

Uber

San Francisco, California, United States

website


Category Company
Founded 2009
Sector Internet Software and Services
Employees22,200
Revenue 37.3B USD (2023)
DESCRIPTION
Uber service center in Chicago, Illinois.
Uber service center in Chicago, Illinois.

Uber develops, markets and operates a mobile-app-based transportation network. Uber connects passengers with a variety of drivers for both personal and food delivery. Uber was formed in 2009 and is based San Francisco, California.


DEAL STATS #
Overall 11 of 11
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 11 of 11
State (Texas) 1 of 1
Country (United States) 8 of 8
Year (2021) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Serve Robotics

San Francisco, California, United States

Serve Robotics is shaping the future of delivery by connecting people with what they need locally via robots that are designed to serve people.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 Drizly

Boston, Massachusetts, United States

Drizly is a technology company powering shopping experience for beer, wine, and liquor. Drizly was founded in 2012 and is based in Boston, Massachusetts.

Sell -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 233 of 245
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 82 of 89
State (Texas) 24 of 24
Country (United States) 171 of 182
Year (2021) 12 of 14
Size (of disclosed) 24 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Xponential

Irvine, California, United States

Xponential is a curator of boutique fitness brands across multiple verticals. Through its mission to make boutique fitness accessible to everyone, the Company has built and curated a diversified platform of nine boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, and yoga. Xponential was founded in 2017 and is headquartered in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Catalis

Alpharetta, Georgia, United States

Catalis is a provider of government software and integrated payment solutions. The company offers comprehensive solutions for all sizes of government entities municipalities, counties, states, and federal agencies - with thousands of clients in all 50 states and Canada. Catalis was founded in 2017 and is based in Alpharetta, Georgia.

Buy -