Add-on Acquisition • Transportation

Exegistics Acquires Versant Supply Chain

On August 27, 2019, Exegistics acquired transportation company Versant Supply Chain from TRP Capital Partners

Acquisition Context
  • This is Exegistics’ 1st transaction in the Transportation sector.
  • This is Exegistics’ 1st transaction in the United States.
  • This is Exegistics’ 1st transaction in Tennessee.

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M&A Deal Summary

Date August 27, 2019
Target Versant Supply Chain
Sector Transportation
Buyer(s) Exegistics
Sellers(s) TRP Capital Partners
Deal Type Add-on Acquisition

Target Company

Versant Supply Chain

Memphis, Tennessee, United States
Versant Supply Chain, Inc. is a provider of transportation, warehousing, and value-added distribution and staffing services for customers across a range of industries. Versant operates six warehousing facilities in Memphis, along with a staffing office in Memphis. Versant Supply Chain was formed in 1999 and is based in Memphis, Tennessee.
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Buyer Overview 1

Buyer

Exegistics

Chicago, Illinois, United States

Category Company
Sector Transportation
DESCRIPTION

Exegistics is a veteran-owned 3rd party logistics (3PL) and supply chain innovator, built to deliver value-added solutions that exceed the expectations of high-growth customers including manufacturing, pharma, medical device, aerospace, and defense. Exegistics has 38 U.S. operational locations supporting clients with innovative warehousing, transportation, staffing, and cutting-edge supply chain technology solutions.


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Add-on Acquisition 1 of 1
State: Tennessee 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.


Deal Context for Seller #
Overall 10 of 13
Sector: Transportation 3 of 4
Type: Add-on Acquisition 4 of 4
State: Tennessee 2 of 3
Country: United States 9 of 12
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Flex Fleet Rental

Salt Lake City, Utah, United States

Flex Fleet Rental is a truck rental company that provides customers with the flexibility to manage the demands of their business at a profitable margin. Flex Fleet Rental was established in 2012 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Priority Waste

Clinton Township, Michigan, United States

Priority Waste is a provider of waste and recycling hauling services to residential, commercial, and industrial customers. Priority Waste was founded in 2018 and is based in Clinton Township, Michigan.

Buy -