Growth Mode: Transplace Boosts Supply Chain Solutions With Third Acquisition This Year

CEO Frank McGuigan wants to advance the Transplace platform, which has more than $11B in freight under management in North America, through innovation and acquisition. The Frisco-based logistics technology and service has acquired supply chain firm LeanCor.

Have you had trouble during the pandemic finding toilet paper or disinfectant wipes? If so, you’re seeing a problem in the supply chain. Most of us don’t think about logistics and supply chain management until we can’t find something we need.

Transplace, a Frisco-based company that offers supply chain and logistics technology and services, is continuing to expand its business helping companies efficiently get products and materials where they’re needed right before they’re needed.

On Sept. 1, Transplace officials announced their acquisition of LeanCor, a company based in Florence, Ky., that provides managed transportation services, supply chain consulting, and corporate training programs for manufacturing-centric shippers.

Frank McGuigan, CEO of Transplace

“LeanCor’s business is focused on delivering advanced technologies and processes for manufacturing logistics, which ultimately improves material flow and visibility, as well as inventory management,” Transplace CEO Frank McGuigan said in a statement. “The two companies share a culture of customer first and people always, and we know that all stakeholders will see immediate benefits from the combination.”

LeanCor is Transplace’s third strategic acquisition of 2020, joining Lanehub and ScanData. In June, Transplace announced the acquisition of ScanData, a firm offering parcel transportation management solutions (PTMS), critical for eCommerce, among other sectors. Lanehub, a cloud-based platform and community that helps shippers and carriers collaborate to reduce waste,  was acquired in January.

Transplace has more than 1,000 customers and $11 billion in Freight Under Management (FUM) in North America and a growing client base in Europe, according to transplace.com.

A report from CBRE says that eCommerce continues to grow during the pandemic, leading to distribution and fulfillment centers in populated areas like Dallas-Fort Worth. Getting products where they’re needed is the job of logistics and supply chain management.

McGuigan said, “Our goal is to advance the Transplace platform, through both innovation and acquisition, so that we can strengthen logistics performance of all shippers in our community with advanced technology, domain expertise, and scale.”

LeanCor specializes in lean principles in the supply chain industry, working toward reducing waste, lowering costs, and building cultures of continuous improvement.

Robert Martichenko, CEO of LeanCor, said, “Combining our expertise with Transplace is the perfect next step and growth opportunity for our team members and our customers. Deeply rooted in lean principles, we support organizations to build operational excellence and drive down costs across their supply chain. As a part of Transplace’s expansive $11 billion network, we’ll move forward with advancing best practices, breaking down supply chain silos, and elevating performance.”

Transplace offers custom strategies for a number of industries, including automotive, chemical, consumer packaged goods (here’s your toilet paper and disinfectant wipes), electronics, energy, manufacturing, and retail sectors.

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