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.

Simplified Logistics, founded in 2003, is a third-party logistics provider based out of Westlake, Ohio. The target’s transportation management services include logistics consulting, customer reporting, freight audit, and payment sources. Yeager will serve as CEO of the Simplified Logistics.

CI Capital is a New Yok-based private equity firm with nearly $2.2 billion in assets under management. The firm began making investments in 1993 when it was called Caxton-Iseman Capital. The firm served as the private equity arm of Caxton Associates for approximately 14 years, before spinning-out on its own in 2007. CI Capital has made more than 220 acquisitions since its inception.

As the e-commerce market continues to grow at a steady pace, logistics companies have grown into attractive targets. Recent deals by private equity firms include: Ridgemont Equity Partners’ purchase of logistics company Worldwide Express from Quad-C Management; Graycliff Partners’ investment in “last mile” logistics provider Installs Inc.; American Fast Freight Inc.’s, backed by Jordan Co., acquisition of ocean freight provider Global Transportation Services Inc.; Bregal Sagemount’s investment in freight services company Internet Truckstop Group; and Revelstoke Capital-backed Transport Holdings LLC’s buying truck provider Jones Motor Group.