TJC Announces Acquisition of Global Transport Solutions: A New Chapter in Logistics Growth

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In an exciting development for the maritime industry, TJC, L.P. ("TJC") has reached an agreement to acquire Global Transport Solutions (GTS), an international logistics service provider specializing in supply chain and forwarding solutions. This strategic acquisition, pending regulatory approvals, marks a significant milestone in GTS's growth journey.

Under the well-established brands Marinetrans and Best Global Logistics, GTS has built a strong global presence, operating on all continents. With an experienced management team led by co-CEOs John Burgstra and Vegard Prytz, both of whom have over 20 years of industry experience, GTS has nurtured deep relationships with its customer base. The acquisition by TJC reflects a shared belief in GTS's business model and its potential for future growth.

The acquisition not only demonstrates TJC's commitment to GTS's clients but also highlights its dedication to the company's staff. With enhanced capabilities and resources, GTS will be able to deliver even greater value to its customers. The acquisition also opens up new opportunities for professional growth and skill development for GTS team members, fostering a culture of innovation and support within the organization.

TJC's track record of investing in logistics and supply chain companies positions them as the perfect partner for GTS's next growth phase. Pete Suffredini, a TJC Partner, expressed enthusiasm about the partnership, stating, "John and Vegard have built a leader in marine spare parts logistics, combining innovative, proprietary technology with top-tier customer service. TJC looks forward to supporting GTS's continued growth by leveraging TJC's resources and support services."

The new investment will serve as a catalyst for GTS's plans to expand geographically and strengthen its network. By extending its reach, GTS aims to broaden its client base and meet the rising demand for specialized maritime logistics services worldwide. This expansion will enable the company to provide high-quality services to new segments and cement its position as a leading provider in the industry.

Stifel served as the financial advisor, while Kirkland & Ellis LLP and Loyens & Loeff N.V. provided legal counsel to TJC on the acquisition. Jefferies, LLC acted as the financial advisor to GTS, with legal counsel provided by DLA Piper Nederland N.V.

About Global Transport Solutions:

Global Transport Solutions (GTS) is a leading provider of comprehensive supply chain and forwarding solutions to the maritime industry and other time-critical verticals. With operations under the brands Marinetrans and Best Global Logistics and a presence on all continents, GTS is dedicated to efficiency, reliability, and customer satisfaction, consistently meeting the evolving needs of its clients.

About TJC:

TJC, L.P. (formerly known as The Jordan Company), established in 1982, is a middle-market private equity firm with a proven track record of investing in various industries, including Diversified Industrials, Technology, Telecom & Power, Logistics & Supply Chain, and Consumer & Healthcare. With a senior investment team that has been working together for over 20 years, TJC has raised funds with original capital commitments exceeding $23 billion. The firm's commitment to contributing to the growth of businesses is exemplified by its Operations Management Group, which supports and drives operational improvements in portfolio companies.

In conclusion, the acquisition of Global Transport Solutions by TJC represents an exciting development in the logistics industry. With TJC's resources and support, GTS is well-positioned for further growth, geographic expansion, and increased service capabilities. This partnership will undoubtedly benefit GTS's clients, staff, and the global maritime community as a whole.