Freight brokerage GlobalTranz will be acquired by private equity firm Jordan Company after raising $50m from two rounds in 2014 and 2011.
Private equity firm Jordan Company (TJC) agreed to acquire US-based freight brokerage GlobalTranz for an undisclosed sum on Tuesday, allowing Susquehanna Growth Equity, an investment unit of quantitative trading firm Susquehanna International Group, to exit.
The transaction is due to close within 45 days of the announcement and will result in TJC taking 100% equity in GlobalTranz.
GlobalTranz connects clients to logistics services such as multi-modal transportation, supply chain management and warehousing. Its GTZ Connect technology uses predictive analytics to…
