TPG Capital has agreed to acquire logistics company Transplace from Greenbriar Equity Group. TPG is partnering with the target's management team on the deal.

Transplace, founded in 2000 and headquartered in Fisco, Texas, provides truck brokerage, technology and cross-border trade services for the manuacturing, retail and chemical sectors. The company serves more than 1,000 shipping and fortune 500 companies, generating around $1.8 billion in annual revenue.

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