Emerald Isle, NC (March 20, 2020)— Transportation Impact, LLC (“TI” or the “Company”), a leading provider of technology and service solutions that reduce costs for high-volume shippers through automatic billing error refunds, carrier agreement negotiation, and both real-time and planned shipping optimization for small parcel and freight, today announced that it has closed a transaction with The Jordan Company, L.P. (“TJC”) as its new equity partner. TJC and certain members of TI management have acquired 100% of TI from the company’s founders. TI’s current leadership team will stay in place and Keith Byrd, one of the TI’s original founders, will join the Company’s new Board of Directors.
TJC has a long history of partnering with management teams to help build businesses through a combination of strategic investments to drive organic growth and acquisitions. “We are extremely impressed by what the current management team and employees have accomplished in building TI into a technology-forward, market-leading business that drives ongoing savings and efficiencies for shippers,” said Brian Higgins, Partner, The Jordan Company. Higgins added, “TI is a very strong fit with our existing portfolio companies, and we expect to leverage our capital and experience in the logistics space to help management continue to grow the business.”
“We are excited to have TJC as our new equity partner,” said Berkley Stafford, CEO of TI. “TJC brings an impressive track record of expanding tech-enabled logistics businesses. The partnership with TJC, combined with the strong TI team and our innovative technology, positions the company well for the next steps in its evolution.”
“The collective and collaborative hard work by everyone on the TI team has allowed our company to provide unique value for our customers. This partnership will continue to facilitate a relentless focus on customers while providing our employees with new challenges and opportunities,” said Keith Byrd, TI Founder and Chairman.
For more information, visit www.transportationimpact.com and follow us on LinkedIn and Twitter @smallpkgsavings.
About Transportation Impact:
Transportation Impact, a 7-time Inc. 5000 honoree, leverages proprietary technology unique to the industry that ensures customers pay the lowest-possible small parcel and LTL rates. Founded in 2008, the company has grown from 0 to 84 employees and over 900 customers. Currently TI manages over a billion dollars in logistics spend and has helped its customers save more than $587 million. TI has won many awards, including three consecutive placements on the North Carolina Fast 40 and the North Carolina 125/Grant Thornton NC 100, 2-time BBB Torch Award and Business NC Best Employer, Entrepreneur 360 Best Company, CAI Ovation Award, and Inc. magazine Best Workplaces 2017–19. For more information, visit www.transportationimpact.com.
About The Jordan Company:
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 38-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare & Consumer, and Telecom, Technology & Utility. The investment team is supported by the Operations Management Group, which was established in 1988 to initiate and drive operational improvements in portfolio companies. Headquartered in New York, NY, TJC also has an office in Chicago, IL.. For More information, visit www.thejordancompany.com
Media contact:
Jamie Vogel, Vice President of Sales & Marketing
252-424-8431
jamie.vogel@transimpact.com
Transportation Impact
8921 Crew Drive
Emerald Isle, NC 28594
