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Sun Capital Partners Affiliate Acquires Total Transportation Services, a Leading Provider of Drayage Transportation Services | News

Sun Capital Partners Affiliate Acquires Total Transportation Services, a Leading Provider of Drayage Transportation Services | News
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Boca Raton, Florida – (BUSINESS WIRE) – January 13, 2022 –

Today, Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible business in developing markets with tangible performance improvement opportunities, that a subsidiary has completed the acquisition of Total Transportation Services (“TTSI” or the “Company”), It is a leading provider of wastewater transportation services with a strong presence at strategically important marine terminals and rail yards throughout the United States. Drayage – a key link in the transportation of goods along the supply chain – refers to the trucking of cargo containers between ports/railway stations and inland distribution points.

Founded in 1989 and headquartered in Rancho Dominguez, California, TTSI is one of the leading port and rail dehydration companies in North America and is the only desiccant provider with a container yard strategically located within the Port of Los Angeles, the largest port of Los Angeles. Entry by container size in North America. The company also has a growing presence in other important markets, including New York/New Jersey, Chicago, Seattle/Tacoma, Norfolk and Savannah. In addition to dry, TTSI offers regional trucking with dedicated fleets, warehousing, and brokerage primarily serving the retail, freight logistics, apparel, and automotive markets.

“Port drayage is an important and time-sensitive mission that shippers depend on, and we are very excited to announce this transaction, which is a perfect fit for defensible businesses in developing markets while significantly improving performance,” said Mark Leader, Co-CEO of Sun Capital. . “Furthermore, as a large-scale drying service provider with its dedicated fleet of carbon-compliant drivers and trucks and strategically located yards, we see an opportunity to execute on mergers and acquisitions in a highly fragmented industry.”

said Vic La Rosa, CEO of Total Transportation Services. “With the resources and experience Sun Capital has in the industry, we are poised to benefit from the increased focus on transmission and distribution, as clients increasingly view the relationship with the drying services provider as a mission critical. We have also been drawn to the successful history of Sun Capital. in working with companies owned by their founders.

As the e-commerce boom continues to affect supply chains, port volumes are at record levels and demand for drying services is outpacing the current supply of labor and trucks, with conversion costs rising due to the importance of high-quality implementation. The industry in the United States is also ripe for consolidation, with more than 2,800 drying companies serving port and railroad terminals, including more than 100 in each of the major markets.

“With a strong presence in the nation’s busiest ports and busiest distribution points, as well as strong customer loyalty, focus on clean energy and a reliability track record, TTSI is well positioned to strengthen its leadership position,” added Jordan Wadsworth, Managing Director. Sun Capital. “We look forward to helping the company take advantage of these benefits by accelerating growth, professionalizing business operations, providing the management team with additional resources and improving integration.”

TTSI is the second supply chain investment by a subsidiary of Sun Capital in 2021 following the June 2021 closure of Century Distribution Systems, a Virginia-based global digital logistics company that provides supply chain management and freight services.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a global private equity firm focused on partnering with distinguished management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues of more than $50 billion across a wide range of industries and transaction structures. The company has earned a good reputation as a reliable partner, recognized for its operational expertise. Sun Capital focuses on defensible businesses in developing markets with tangible performance improvement opportunities in the business, consumer, healthcare, industrial and technology sectors. The company has offices in Boca Raton, Los Angeles and New York, and has offices in London. For more information, please visit www.suncappart.com.

About Total Transportation Services, Inc.

The headquarters of Total Transportation Services, Inc. (“TTSI” or “the Company”) of Rancho Dominguez, California, is a leading national provider of multimodal transportation and logistics solutions, including sanitation, short-haul and brokerage. TTSI is one of the few large scale providers with coast-to-coast coverage near all of the country’s most active commercial centers and ports.

View source copy on businesswire.com: https://www.businesswire.com/news/home/20220113005186/en/

Contact: Matthew Conroy

stanton

646-502-3563

mconroy@stantonprm.com

Keyword: United States North America Florida

Industry keyword: professional services for logistics transportation / supply chain management finance

Source: Sun Capital Partners, Inc.

Copyright Business Wire 2022.

Published: 01/13/2022 07:30 AM / Disc: 01/13/2022 07:32 AM

http://www.businesswire.com/news/home/20220113005186/en

Copyright Business Wire 2022.

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