Middle-market private equity firm CI Capital has acquired a majority stake in Simplified Logistics, a transportation management company, for an undisclosed amount. The target’s management has retained a significant equity ownership in the company.

The Simplified Logistics deal comes months after CI Capital partnered with Mark Yeager, a former executive at Hub Group Inc. (Nasdaq: HUBG), to pursue investments in the transportation and logistics sector due to “continued outsourcing by shippers.” CI Capital and Yeager began seeking out a platform company in August 2016.

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