Gemspring Capital Invests in Transport Investments

Gemspring Capital Management LLC Affiliates are based in Pittsburgh Transport Investments Co., Ltd., Asset Light Transport and Logistics Company.

The amount of Gemspring’s investment has not been disclosed.

According to Geoff Broglio, Managing Director of Gemspring, the motivation for this investment is continued growth in the “special and broad cargo and logistics market.”

“Transport Investments is in a good position as shippers are trying to integrate their business with large players with deep cargo expertise and national capabilities,” says Brolio. statement..

Transport Investments, one of the largest groups of carriers in the United States and Canada, offers heavy goods transportation, flatbeds, specialty transportation, van transportation, brokerage and logistics services. The company processes more than 250,000 packages annually through a nationwide network of terminals, owners, operators and carriers.

R. Bruce McAdams, President and CEO of Transport Investments, said in a statement: “We have a common focus on continuing to build our transport legacy by expanding our network and the wide range of value-added services available to our customers.”

Gemspring Capital is a private equity firm based in Westport, Connecticut, which manages $ 1.1 billion in capital. The company provides capital solutions to small and medium-sized companies.

Click to see other FreightWaves articles by Noi Mahoney.

Other articles by Neu Mahoney

Amazon-backed startup builds “smart motors” for commercial fleets

86 people fired as pecan distributors and processors to close Texas plant

Melton Truck Lines Announces Driver Salary Raise Gemspring Capital Invests in Transport Investments

Back to top button