Middle-market private equity firm TJC, formerly known as The Jordan Company, has agreed to acquire Global Transport Solutions (GTS), alogistics service provider specializing in supply chain and forwarding solutions for the maritime industry.
Operating under the brands Marinetrans and Best Global Logistics, GTS has a presence across all continents and is led by co-CEOs John Burgstra and Vegard Prytz.
“John and Vegard have built a leader in marine spare parts logistics, combining innovative, proprietary technology with top-tier customer service,” said Pete Suffredini, a TJC Partner.
The deal, still subject to customary regulatory approvals, will see TJC provide the GTS management with additional capital to support further geographic expansion and reinforce its network and innovation.
Vegard Prytz, co-CEO at GTS, said: “What I’m excited about is that TJC has a very strong track record of investing in logistics and supply chain companies, and in helping them grow their organisations sustainably. It’s a perfect fit for GTS and our staff as we switch gears into our next growth phase.”
Stifel was the financial adviser and Kirkland & Ellis and Loyens & Loeff are the legal counsels to TJC. Jefferies is the financial adviser and DLA Piper Nederland is the legal counsel to GTS.
Commenting on the deal via LinkedIn, Peter Schellenberger, founder of brand new consultancy Novamaxis, noted: “This is an interesting acquisition for the market leader in maritime last mile logistics pushing solid geographic expansion even further onto the agenda.”
