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GlobalTranz Closes New Equity Partnership

Previously announced partnership with Providence Equity Partners completed

PHOENIX (May 16, 2019) – (GLOBENEWSWIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced that it has closed its previously announced partnership with Providence Equity Partners L.L.C. and its affiliates as its new equity partner. Providence has acquired 100% of GlobalTranz from The Jordan Company, L.P. (TJC).

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S. 

About Providence Equity Partners

Providence is a premier global asset management firm with approximately $40 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz Named Inbound Logistics Top 100 Logistics IT Provider for 2019

PHOENIX (May 6, 2019) (GLOBE NEWSIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, has been selected as a Top 100 Logistics IT Provider for 2019 by Inbound Logistics.

GlobalTranz has built a market-leading logistics software suite, which includes a broad array of tools for shippers, carriers, and logistics service providers, and is pioneering the use of new technologies to create supply chain efficiencies. Earlier this year, the company released GTZcommand™, a next generation Transportation Management System offering customers automated digital freight matching, real-time supply chain visibility, analytics and a host of other new features.

“The recognition as a top logistics IT provider by Inbound Logistics is a testament to the strength of our technology, and we’re honored to be selected,” said Greg Carter, chief technology officer of GlobalTranz. “Shippers are under enormous pressure to create new efficiencies, automate processes and transform their supply chains. We understand the new market dynamics and with technology at the forefront of every solution, we empower our customers to drive new business value.”

Every year, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. Using questionnaires, personal interviews, and other research, Inbound Logistics selects the Top 100 Logistics IT Providers who are leading the way in 2019. Editors seek to match their audience’s fast-changing needs to the capabilities of those companies selected. All companies selected reflect leadership by answering the Inbound Logistics audience’s needs for scalability, simplicity, fast ROI, and ease of implementation. This year, GlobalTranz was selected among a pool of more than 300 candidates.

“As business leaders struggle to balance the need for advance planning against the demands for supply chain agility, fewer inventory touches, and managing the complexity of omni-channel and e-commerce distribution regimes, GlobalTranz continues to provide solutions to help meet those challenges,” said Felecia Stratton, editor, Inbound Logistics. “We are proud to honor GlobalTranz for innovative solutions empowering logistics and supply chain excellence in 2019.”

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz Chief Legal Officer Named President of Transportation Lawyers Association  

AUSTIN, Texas, May 03, 2019 (GLOBE NEWSWIRE) — GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced that Jeff Simmons, Chief Legal Officer, will assume the role of president of the prestigious Transportation Lawyers Association (TLA).

TLA is an independent bar association comprised of in-house, government and private practice attorneys, and has been at the forefront of educating transportation attorneys for more than 75 years. Its members assist providers and commercial users of domestic and international logistics and transportation services, in all modes. Simmons will officially assume the role at the conclusion of TLA’s annual conference, taking place May 1-4, 2019 in Austin, Texas.

Simmons’ work has been integral to GlobalTranz’s record growth and impressive acquisition strategy, as the company recently selected a new equity partner and made nine acquisitions since 2017. As Chief Legal Officer, Simmons facilitates the legal aspects of the company’s rapid expansion. He specializes in M&A, regulatory, licensing, intellectual property, litigation, and capital matters.

“Jeff has decades of experience and has been an incredible leader as we continue to evolve our business,” said Renee Krug, CEO, GlobalTranz. “His contributions to GlobalTranz, the transportation industry, and to the broader legal community have been invaluable, and we’re thrilled to congratulate him on this well-deserved recognition.”

Simmons is an experienced attorney spending 30 years in private practice. Prior to joining GlobalTranz, he was Partner at the national law firm Lewis Brisbois Bisgaard & Smith, LLP. Simmons received his bachelor’s degree in Government from Georgetown University and his Juris Doctorate from the University of Arizona, James E. Rogers College of Law.

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 100 Logistics IT Provider for 2019 and Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz CEO to Share Mergers and Acquisitions Expertise at Major FReight Technology Event   

ATLANTA, May 02, 2019 (GLOBE NEWSWIRE) — GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced chief executive officer Renee Krug will discuss mergers and acquisitions (M&A) at Transparency19 on May 6 in Atlanta, GA.

Krug has been selected to participate in a Transparency19 CEO M&A panel due to her track record of completing successful acquisitions. In 2019 alone, Krug has facilitated the selection of a new equity partner for GlobalTranz, coordinated the acquisition of Circle 8 Logistics, and announced record 2018 earnings for the company. Under the leadership of Krug and GlobalTranz’s executive chairman, Bob Farrell, GlobalTranz has racked up nine acquisitions since 2017. Joining Krug on the panel are Mark Yeager, chief executive officer of Redwood Logistics and Doug Waggoner, chief executive officer of Echo Global Logistics. The panel will be moderated by John Larkin, managing director of Investment Banking Transportation and Logistics for Stifel.

Transparency19, presented by FreightWaves, is the hottest freight technology event in the industry and will focus on disruption and digitization in freight innovations. Industry luminaries with backgrounds in logistics, supply chain, blockchain, IoT, telematics and data optimization will exchange market insights at the conference in Atlanta, GA, from May 6-8. Krug will share her M&A expertise on a panel on May 6 at 9:50 a.m. ET.

“This event is all about how businesses can evolve to stay on the leading edge of innovation, which is something that has been central to GlobalTranz’s success,” said Krug. “I am honored to share my insights on successful M&A strategy alongside my peers.”

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz Advances to #8 On Transport Topics’ Top Brokerages List  

PHOENIX (April 9, 2019) – (GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, has been named to Transport Topics’ listing of Top Freight Brokerage Firms for the fourth year in a row, moving up in the 2019 ranking to No. 8 from No. 10 in 2018.  

 One of the most respected publications in the trucking and freight transportation space, Transport Topics annually names the biggest players in the industry to its Top Freight Brokerage List. This recognition speaks to GlobalTranz’s record year-over-year growth and continued leadership in third-party logistics and transportation management systems.  

GlobalTranz’s advancement in the Transport Topics Top Freight Brokerages ranking is a testament to our talented and hard-working team members, our carrier partners, and the trust placed in us by our shipper customers,” said Renee Krug, CEO of GlobalTranz. “Shippers today face more competitive challenges and greater customer demands than ever before,” continued Krug. “With a full suite of products and service offerings, GlobalTranz delivers the solutions our customers need to compete and thrive.”  

The strength of the GlobalTranz go-to-market model creates a diverse revenue pipeline. Organic growth, strategic acquisitions and exceptional performance of transactional and managed transportation continue to contribute to the company’s success. Ongoing investment in proprietary technologies and expanded multi-modal service offerings add value for customers, strengthening GlobalTranz’s market leadership on a global scale.  

GlobalTranz’s ascent in the Transport Topics rankings is a continuation of the company’s strong momentum. GlobalTranz recently: 

For more information, visit https://www.globaltranz.com/ and follow us on LinkedIn and Twitter @globaltranz. 

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz Selects New Equity Partner

Partnership expected to drive continued technology leadership, organic revenue growth and strategic acquisitions

PHOENIX (April 3, 2019) —(GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that it has selected funds advised by Providence Equity Partners L.L.C. and its affiliates (Providence) as its new equity partner. Providence has signed a definitive agreement to acquire 100% of GlobalTranz from The Jordan Company, L.P. (TJC). The transaction is expected to close within 60 days.

“The team at GlobalTranz has built a technology-driven, market-leading logistics platform that has delivered strong value and growth. The company is poised for continued success and we are excited to be part of the next stage of the company’s evolution,” said David Phillips, Managing Director, Providence. “GlobalTranz is a very strong fit with our model, and we expect to leverage our relationships and resources to help management continue to grow the business.”

“I am excited to have Providence as our new owner, with their impressive track record of expanding B2B tech-enabled services businesses across multiple sub-sectors and geographies,” said Renee Krug, CEO of GlobalTranz. “I would like to thank The Jordan Company for their support, guidance and governance. TJC’s sector experience facilitated accelerated growth both organically and via acquisitions. We are pleased to provide a successful exit for TJC while concurrently positioning the company well for the next steps in its journey.”

Ranked the 10th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL provider for 2018, GlobalTranz is driving strong growth with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative products and superior customer service delivered by the some of best people in the industry.

“Our new partnership with Providence will allow us to continue our pattern of strong growth both organically and through strategic acquisitions,” said Bob Farrell, executive chairman of GlobalTranz. “With Providence’s support, we expect to build upon our unique success through ongoing technology innovation and the deployment of logistics solutions that address ever-increasing shipper sophistication.”

GlobalTranz was advised by Harris Williams & Co. and Kirkland & Ellis LLP. Providence was advised by Weil, Gotshal & Manges.

For more information, visit https://www.globaltranz.com/ and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
Director of Public Relations & Content Marketing
224-515-7383
nicholas.fryer@globaltranz.com

GlobalTranz Acquires Circle 8 Logistics

PHOENIX and CHICAGO (April 2, 2019) —(GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced that it has acquired Circle 8 Logistics, a service-driven provider of third-party multimodal transportation and logistics services throughout North America.  Circle 8 is GlobalTranz’s 9th acquisition since January of 2017 and represents continued delivery of industry-leading organic growth augmented by strategic combinations.

“Since the founding of our business in 2001, Circle 8 has provided innovative solutions with honesty and integrity,” said Mike Lewis, co-founder and co-CEO of Circle 8. “Combining with GlobalTranz allows us to continue this history while providing our customers with increased service offerings, access to capacity and advanced technology.” Co-founder and co-CEO Ryan Phillips added, “we pride ourselves on employee retention and efficiency, which in turn enables us to better serve our customers and carriers. As part of GlobalTranz, we will be able to continue our service-driven mentality while concurrently providing an environment for our employees to grow.”

With the acquisition of Circle 8, GlobalTranz continues to expand its presence in the Chicago area. With offices in Niles and Lombard, along with its office in downtown Chicago, GlobalTranz has access to and options for the area’s rich logistics and technology talent.

“Circle 8 has a strong history of providing its customers with superior services and logistics solutions,” said Renee Krug, chief executive officer of GlobalTranz.  “Circle 8 has combined a focus on people, processes and technology to drive growth via unique solutions for its customers and strong carrier partnerships. The combination will further accelerate our growth and market leadership in the 3PL industry,” added Krug.

Ranked the 10th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong growth with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative products and superior customer service delivered by the best people in the industry.

“GlobalTranz is clearly executing on its strategy of driving growth both organically and via complementary, accretive acquisitions,” said Bob Farrell, executive chairman of GlobalTranz. Farrell added, “Our unique hybrid combination of the best independent freight agents in the industry with our strong direct channels is a clear differentiator.  Circle 8 will further enhance our channels to market.”

Mesirow Financial, Inc. served as the exclusive financial advisor to Circle 8 Logistics, Inc.

For more information, visit https://www.globaltranz.com/ and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
Director of Public Relations & Content Marketing
224-515-7383
nicholas.fryer@globaltranz.com

GlobalTranz Executives Named Supply and Demand Chain Pros to Know

PHOENIX, Feb. 22, 2019 — (GLOBENEWSWIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, announced today that Chief Technology Officer Greg Carter and Senior Vice President, Sales & Managed Solutions Ross Spanier have been recognized as Supply & Demand Chain Executive’s 2019 Pros to Know.

The Pros to Know Awards acknowledge individuals within the supply chain industry who are leading initiatives to help prepare their companies’ or customers’ supply chains for the significant challenges of today’s business climate.

“Greg and Ross are both exemplary leaders that model what GlobalTranz stands for, a company that is working to deliver the future of freight through innovative technology and logistics solutions,” said CEO Renee Krug. “The Supply & Demand Chain Executive Pros to Know list is an important distinction and we’re thrilled to have not one, but two GlobalTranz executives honored for their outstanding work helping our clients achieve their strategic goals through innovative technology and solutions.”

Both Carter and Spanier have demonstrated strong leadership in the supply chain industry, standing out among more than 500 total applicants. With more than 25 years of product development, technology leadership and process management experience, Carter works to continuously develop innovative solutions and efficient processes for GlobalTranz’s customers and employees. Spanier has over 16 years of experience in sales and operational roles within the logistics and supply chain industry. At GlobalTranz, Spanier is responsible for leading and building upon best-in-class service operations and fostering key customer relationships.

“Every year we receive more submissions from outstanding supply chain leaders. It’s evidence of the growth in the supply chain profession as well as the importance of the profession within companies. Supply & Demand Chain Executive congratulates the 2019 Supply & Demand Chain Executive Pros to Know recipients. Our Pros to Know listing showcases the leaders and innovators shaping the profession and making a substantial impact on their companies,” said John Yuva, editor for Supply & Demand Chain Executive.

About GlobalTranz

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us on the web at www.SDCExec.com.

MEDIA CONTACT:
Nick Fryer
Director of Public Relations & Content Marketing
224-515-7383
nicholas.fryer@globaltranz.com 

GlobalTranz Reports Record Growth in 2018

Net revenues increase 63% with a 150% jump in profitability

PHOENIX (January 28, 2019) — (GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today reported fourth quarter 2018 and full year 2018 earnings. In the fourth quarter of 2018, GlobalTranz reported a revenue increase of 53 percent, net revenue increase of 58 percent and EBITDA growth of 127 percent year-over-year.

For the full year, GlobalTranz reported $1.4 billion in revenue, representing 62 percent growth year-over-year, a net revenue increase of 63 percent, and EBITDA growth of 150 percent.

New customers, trail-blazing acquisitions, continued organic expansion of existing customer relationships, growth in users of the company’s advanced end-to-end enterprise logistics platform, and strong performance of transactional and managed transportation solutions drove the company’s fourth quarter and full year results.

“2018 was a record year for GlobalTranz, but we are just getting started,” said Renee Krug, GlobalTranz’s CEO. “Our sustained organic growth, strategic acquisitions, and the continued release of new technology products will allow us to continue to outpace many of our competitors in customer expansion, financial growth and advanced technology leadership in 2019. These are exciting times for GlobalTranz.”

GlobalTranz’s earnings announcement closes out a banner year for the company, one which was marked by a variety of highlights:

“We could not be prouder of the accomplishments of the GlobalTranz team, and we expect 2019 to be a year of continued success as we continue to deliver enhanced technology, services, and solutions to help our shipper customers realize operational and competitive advantages that allow them to achieve their goals in 2019,” said Bob Farrell, executive chairman of GlobalTranz.

For more information, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz
GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
Director of Public Relations & Content Marketing
224-515-7383
nicholas.fryer@globaltranz.com