Ardian supports ELOQUANT in its growth

Ardian

Paris, 18 March 2019 – Ardian, a world-leading private investment house, today announces the acquisition of a minority stake in Eloquant, a SaaS software publisher specialized in multichannel customer relations management, as part of an owner buyout (OBO) alongside its existing investors and management.

Founded in 2001 in Grenoble, France, Eloquant’s software is used to manage customer relations across all communication channels (telephone, email, chat and social network). The company offers an all-in-one solution built around three pillars:

Dialog: software for processing and monitoring all incoming and outgoing contacts;
Feedback: multichannel survey software designed to collect and measure customer feedback;
Semantic: automated analysis software using customer comments to reveal strong and weak signals.
Recognised as a key player in its sector, Eloquant’s customer portfolio consists principally of mid-market businesses and large corporates operating in BtoB or BtoC activities.

The deal will enable the company to maintain its commercial momentum while pursuing an active growth strategy in France and internationally, according to Laurent Duc, CEO of Eloquant: “We wanted to speed up our development and strengthen our position, so we embarked on a new growth cycle based on our capacity for innovation and bolt-on acquisitions. With that goal in mind, Ardian Growth is the ideal partner because of its market expertise and substantial ability to provide support.”

Romain Chiudini, Director at Ardian Growth, added: “Eloquant has proven the relevance of its offer on the French market and the team has the ambition to establish itself internationally. It is the right moment for Ardian Growth to provide its support to help accelerate, particularly on external growth in Europe.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 560 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT ELOQUANT

Eloquant was founded in 2001 in Grenoble following a Hewlett-Packard global telecommunications centre spin-off. In 2004, Eloquant gained its independence and began developing its own SaaS applications.

Initially positioned on Dialog solutions for the unified management of incoming and outgoing customer interactions on communication channels (voice, email, chat, SMS, mobile apps, callback, social networks), Eloquant was acquired by Laurent Duc (CEO) and a financial partner in 2013. The company then marked a major strategic and commercial turning point, especially through several acquisitions that allowed it to broaden its customer solutions. In 2014, Eloquant acquired Interview, a company specialising in multichannel survey creation and management, which consolidated the Feedback solution. In 2015, Eloquant acquired Holmes Semantic Solutions (Ho2S), a company specialising in semantic and linguistic solutions. Finally, in 2018, Eloquant acquired LiveBotter, a company specialising in virtual assistants (chatbot), to reinforce the Dialog solution through a new channel; these automated conversational agents mark the beginning of Artificial Intelligence in Customer Relationship Management. The company also began its international expansion in 2018 by opening an office in Frankfurt

LIST OF PARTICIPANTS

– Eloquant: Laurent Duc, Raphaël Shalgian
– Ardian: Romain Chiudini, Louise Gros

– Ardian Financial Auditor: Grant Thornton (Nicolas Tixier, Antoine Van der Borght)
– Ardian Legal Advisor: McDermott Will & Emery (Corporate: Diana Hund, Marie-Muriel Barthelet, Claire Barra – Tax: Antoine Vergnat, Côme de Saint Vincent – Bancaire: Pierre-Arnoux Mayoly, Stanislas Chenu)

– Eloquant Financial Advisor: Oaklins (Véronique Roth, Thibaut de Monclin, Amance Pelissier)
– Management Legal Advisor: Jeausserand Audouard (Erwan Bordet, Faustine Paoluzzo, Antoine Leroux)

– Arranger: BNP Paribas (Frédérique Bousseau, Catherine Regnier)
– Arranger Advisor: VOLT Associés (Alexandre Tron, François Jubin, Morgane Le Gallic)

PRESS CONTACTS

ARDIAN
Headland
TOM JAMES
Tel: +44 207 3675 240
tjames@headlandconsultancy.co.uk

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Activa Capital recruits chief financial officer with the arrival of ALEXANDRE CHOLLET

Activa Capital

Activa Capital announces the appointment of Alexandre Chollet as Chief Financial Officer.
Alexandre, 37, will be responsible for coordinating the cross-functional activities of Activa Capital
(Administrative and Financial Department, and Investor Relations in particular).
Until now, Alexandre was Director of Investor Relations at Naxicap Partners (2016-2019).
Alexandre previously was Head of Funds and Portfolio at Qualium Investissement from 2011 to 2016,
a position he held after leaving the Financial Department of iXEN Partners (formerly Natexis Industrie).
Alexandre has 14 years of experience within the finance functions of Private Equity and is a graduate
of ESCP Europe-Novancia.
Christophe Parier and Alexandre Masson, Partners at Activa Capital, declared: « We are delighted to
welcome Alexandre in whom we place all our confidence to successfully fulfill his role as CFO of Activa
Capital. »

About Activa Capital
Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m
of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with
ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth
and their international footprint.
Learn more about Activa Capital at activacapital.com

Press contacts
Alexandre Masson Christophe Parier Christelle Piatto
Partner Partner Communications Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com christelle.piatto@activacapital.com

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New leadership of Private Equity business

3I

3i Group plc (“3i” or “3i Group”) today announces a change to the leadership of its Private Equity business.

After 9 years, originally as Co-Head and subsequently Head of Private Equity, Alan Giddins, Managing Partner, has decided to step back from the leadership of the Private Equity team and will pass over this responsibility from 1 April 2019. Alan will remain a Partner in the Private Equity business until March 2020.

Pieter de Jong and Peter Wirtz will be appointed Co-Heads of the Private Equity business and will join 3i Group’s Executive and Investment Committees.

Pieter de Jong joined 3i in 2004 and is Partner, Managing Director of 3i Benelux, based in Amsterdam. He was a key member of the deal teams involved in Royal Sanders, Basic-Fit, Weener Plastics, Lampenwelt, Refresco and Action.

Peter Wirtz joined 3i in 1998 and was appointed Managing Director and Co-Head of Germany in May 2009, based in Frankfurt.  During his time at 3i, Peter has taken a leading role across a number of transactions including Lampenwelt, Scandlines, Amor and MWM.

Simon Borrows, 3i’s Chief Executive said:

“I would like to thank Alan for his tremendous contribution to 3i. Over the last 9 years, the Private Equity business has performed very well and generated exceptional cash returns for 3i and its fund investors.

“Pieter and Peter bring a wide range of complementary skills and experience across origination, execution and portfolio management and I look forward to working with them to continue developing our Private Equity business.”

 

-Ends-

Download this press release  

 

For further information, contact:

3i Group plc

Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

 

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market private equity and infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com.

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CDPQ Expands Its Artificial Intelligence Offering

Cdpq

Creation of a $250-million fund dedicated to AI
Caisse de dépôt et placement du Québec (CDPQ) has announced the creation of a fund dedicated to Québec businesses with a proven track record in artificial intelligence. Funded with a $250-million envelope, the CDPQ–AI Fund aims to ramp up growth in businesses whose product offerings are based on the development of AI, and to accelerate the commercialization of artificial intelligence solutions.

“Since Montréal is emerging as a global beacon of excellence in artificial intelligence, we need to enhance our offering and ramp up the financial and development support we provide AI businesses through the various stages of their growth,” said Charles Émond, Executive Vice-President, Québec and Global Strategic Planning at CDPQ. “This fund will encourage the commercialization of new artificial intelligence solutions, as they are of considerable strategic value to all sectors of our economy.”

This fund, managed by CDPQ’s Venture Capital and Technology team, will serve technology companies that have developed demonstrably sound business models and shown a capacity for continued strong growth. They will need to have a well-established management team as well as a dedicated team with AI experience.Over the years, CDPQ has invested in many venture capital firms1 that target artificial intelligence companies in the startup phase. The CDPQ-AI Fund’s objectives include supporting the development of the most promising businesses to emerge from these funds, once they have reached their growth phase.

Note that in 2018 this co-investment strategy, combined with a CDPQ-sponsored venture capital fund, has resulted in CDPQ making direct investments in AI businesses, such as Hopper (fund: BrightSpark), TrackTik (fund: iNovia), or even Breather (fund: Real Ventures). The CDPQ-AI Fund will be used for new transactions of this kind.

In addition to this new fund for growing technology companies, CDPQ has recently announced a series of initiatives and partnerships targeting young AI companies in the startup phase.

CDPQ, in collaboration with Mila – Quebec Artificial Intelligence Institute, created Espace CDPQ | Axe IA to house nine startups from innovative sectors. They will also have access to Mila’s academic resources and advice, coaching and a network of experts from la Caisse and Espace CDPQ, to accelerate the commercialization of their AI solutions. Furthermore, CDPQ will soon have a laboratory, on Mila’s premises, that it can make available to certain businesses in the portfolio that have clearly defined AI integration programs.

Espace CDPQ, a CDPQ subsidiary, is also a founding partner of the Creative Destruction Lab Montréal which, through its extensive academic and business networks, is driving the development of AI technology companies with strong growth potential.

It should also be noted that NextAI, an innovation program designed to create artificial intelligence companies and commercialize technologies, has just moved into Espace CDPQ. Active in both Montréal and Toronto, NextAI accelerates and develops businesses in the seed capital and startup phases. NextAI works with teams that are commercializing research on AI and are interested in building global businesses.


1 iNovia, Real Ventures, BrightSpark, White Star Capital, Relay Ventures, Georgian Parners, RV Orbit, Luge Capital, InnovExport, Anges Québec Capital, CTI Life Sciences and Lumira Ventures

À PROPOS DE LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC

La Caisse de dépôt et placement du Québec (CDPQ) est un investisseur institutionnel de long terme qui gère des fonds provenant principalement de régimes de retraite et d’assurances publics et parapublics. Son actif net s’élève à 309,5 G$ CA au 31 décembre 2018. Un des plus importants gestionnaires de fonds institutionnels au Canada, la Caisse investit dans les grands marchés financiers, ainsi qu’en placements privés, en infrastructures, en immobilier et en crédit privé à l’échelle mondiale. Pour obtenir plus de renseignements sur la Caisse, visitez le site cdpq.com, suivez-nous sur Twitter @LaCDPQ ou consultez nos pages Facebook ou LinkedIn.

– 30 –

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IK Investment Partners opens Copenhagen office

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm with Nordic roots, announces the opening of a new office in Copenhagen, as part of its ongoing commitment to investing in the Nordic region.

The Copenhagen office will be led by Partner Thomas Klitbo, who has been with IK since 2007. Thomas will be supported by the existing Danish/Norwegian Mid Cap team consisting of a total of six investment professionals, as well as a local extension of IK’s Small Cap team.

Thomas Klitbo, Partner at IK Investment Partners said:

“We are thrilled to be opening a Copenhagen office. It is part of IK’s efforts to establish local presence in the geographies which we invest in. We truly believe that our local networks and knowledge combined with international capabilities differentiates IK from other private equity firms”.

IK is organised into regional teams focused on investments in the Benelux, DACH, France and Nordic regions. These teams operate from local offices in Amsterdam, Hamburg, Paris, Stockholm and now Copenhagen.

Christopher Masek, Partner and CEO at IK Investment Partners said:

“Ever since IK’s inception 30 years ago, our strategy has remained the same: making a positive difference to the companies we support whilst creating value for our investors. Growing our regional presence is central to our strategy and we value the local expertise and insights of our investment teams.”

For further questions, please contact:

IK Investment Partners
Thomas Klitbo
Partner
Phone: +44 207 304 4300

Mikaela Murekian
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised close to €10 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com


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Ardian Private Debt provides financing to support HG’S investment in A-PLAN

Ardian

London, March 15th – Ardian, a world-leading private investment house, today announces the arrangement of a Subordinated Debt Facility to support HgCapital’s (“Hg”) investment in A-Plan, one of the UK’s largest personal lines insurance brokers.

Founded in 1963, A-Plan is a leading UK specialist multichannel insurance broking group with a focus on personal lines and a growing presence in specialized products such as SME policies. The group’s core proposition is a branch-led, service-driven offering, valued by its large base of loyal customers that today make up over 1.5 million policies nationally.

Mark Brenke, Managing Director & Co-Head of Ardian Private Debt, said: “We are delighted to continue our relationship as financing partner to Hg and to be backing A-Plan, a leading player in the UK insurance industry. The Company’s management team have had demonstrable success in delivering continuous growth both organically and through M&A over an extended period and in particular, Carl Shuker (CEO), who has been with the business for almost 30 years, brings with him an exceptional depth of experience.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

LIST OF PARTIES INVOLVED

Ardian Private Debt: Mark Brenke, Raaj Rabheru, Saam Serajian-Esfahan
HgCapital: Juan Campos, Giuseppe Franzé, Nika Kucifer

PRESS CONTACTS

ARDIAN
Headland
EMMA RUTTLE
Tel: +44 20 3805 4816
eruttle@headlandconsultancy.com

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The Carlyle Group Acquires Minority Shareholding in Jeanologia, a Spanish Developer of Eco-Efficient Technologies for the Global Apparel & Textile Industry

Carlyle

Investment will support the company’s growth and continued development of disruptive sustainable technologies

London, Valencia – Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has acquired a significant minority share in Jeanologia, a developer of eco-efficient technologies for the denim industry. Jeanologia has developed a strategic plan to significantly reduce the use of water and the production of toxic waste from the global textile industry within the next five years.

Equity for the transaction comes from Carlyle Europe Partners (CEP) V.  Carlyle acquired its shareholding from MCH Private Equity, who will retain a minority stake in the company.

Established in 1994 and headquartered in Valencia, Jeanologia is a fast-growing supplier of innovative and sustainable solutions for the denim industry. The company’s products offer cost-efficient, sustainable technologies which are transforming the denim manufacturing process by drastically reducing the water consumption and environmental impact of the processing step of the denim industry.

A rapidly-growing percentage of the 6 billion pairs of jeans sold annually are produced with the company’s sustainable eco-efficient technology, and this is expected to increase significantly in the near future.   Jeanologia has ambitious international expansion plans, which will also see its investment in R&D double in the next three years.

Enrique Silla, CEO of Jeanologia said: “The entire Jeanologia team is very excited about the partnership with The Carlyle Group.  Jeanologia has grown at a tremendous rate over the past 20 years during which we have become one of the largest providers of sustainable textile solutions, and a major contributor to the global denim industry.

“This partnership will help us work towards our aspirational goal of eliminating waste water in the textile industry by 2023, making the manufacturing of traditional blue jeans an industrial and technological standard.”

Alex Wagenberg, Managing Director, The Carlyle Group, said: “We are delighted to partner with Enrique’s accomplished team in a company that is transforming the manufacturing industry with a clean, efficient and environmentally-friendly production process.

“We look forward to supporting Jeanologia’s explosive growth through the development of their innovative product range and pipeline of future sales.”

* * * * *

Media Contacts:

The Carlyle Group
Catherine Armstrong
Catherine.Armstrong@carlyle.com
+44 20 7894 1632

The Carlyle Group Press Office Spain – Kreab

Oscar Torres / Clara Eguiagaray
Email: otorres@kreab.com / ceguiagaray@kreab.com
Mobile. +34 685 929 026 / 91 702 71 70

Jeanology – DosdeC

Casanova&Carbonell Comunicación
Rocío Casanova
Email: comunicacion@dosdece.com
Phone: +34 639 68 11 18

About Jeanologia

Since 1994 their mission has been to create an ethical, sustainable and eco-efficient industry through their disruptive technology and know-how. Their laser, G2 ozone and e-flow system have revolutionized the textile industry.  They offer infinite design possibilities and garment finishes, while saving water, energy and chemicals, eliminating waste and toxic emissions.

The Spanish company currently has clients in 5 continents.  The export of its machines and services represents 90% of its total billing, reaching 61 countries. The biggest market brands place their confidence in Jeanologia, using technology developed by the company.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with $216 billion of assets under management across 343 investment vehicles as of December 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America.

Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

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MOBILEXPENSE strengthens international footprint by acquiring the Swedish market leader in travel expense management

Fortino Capital

MobileXpense, the Brussels-based company that provides worldwide mobile solutions for travel expense management, is making its first strategic acquisition in taking over eBuilder Travel, the travel and expense management market leader in Sweden. This further strengthens MobileXpense’s position as a key international software supplier. In 2017, Fortino Capital Partners invested 20 million euros in the company’s commercial growth and the development of new mobile services.

Pieter Geeraerts, CEO, clarifies MobileXpense’s ambition: “MobileXpense has shown substantial and consistent growth in recent years. This acquisition allows us to further heighten our position in the international market where we have become a leading European player able to challenge the world’s largest software suppliers. We want to maintain this pioneering position and develop solutions that are able to follow the most complex processes of large multinational corporate and governmental organizations.”

MobileXpense was founded in 2000 as one of the first European Software-as-a-Service (Saas) companies. It specializes in software applications for travel and expense management and offers complete automation of the entire process from planning and booking, to reimbursement and accounting. MobileXpense has become a front-row service provider for multinationals in Europe, the UK, the US, Latin America and China.

This success is due to the solution’s user-friendliness, flexible integration with existing Enterprise Resource Planning (ERP) and payroll solutions, and particularly its compliance with local tax regulations and procedures in more than 70 countries. MobileXpense currently has 1.2 million users worldwide, spread over 100+ countries and almost 300 corporate customers including blue-chip companies such as Canon, UCB, DB Schenker or Panalpina but also the Belgian National Bank and the Dutch government.

In 2018, Pieter Geeraerts joined MobileXpense as its new CEO, bringing along his strong track record in growing software companies. Today, MobileXpense reaches another important milestone with the acquisition of eBuilder Travel, a strong player in travel and expense management in the Nordics. With this acquisition, MobileXpense obtains a solid set of large customers in Sweden and Finland backed by a strong team of local experts and aims to further expand its activities in the Nordics and strengthen its international offering.

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Negotiations with the National Property Board of Sweden concerning Ratos property

Ratos

Ratos AB (publ) owns and has its headquarters in the Stockholm Lejonet 4 property located between the Rosenbad building (the prime minister’s office) and Sagerska Palatset (the prime minister’s official residence) on Drottninggatan in Stockholm. Security requirements in the area have increased, and are expected to continue to increase, resulting in a number of restrictions and obstacles for the operations at Ratos AB’s (publ) headquarters on Drottninggatan, including entry and exit restrictions. Ratos is therefore currently in negotiations with the National Property Board of Sweden regarding a possible transfer of ownership to the Swedish state.

The Stockholm Lejonet 4 property was acquired by Söderberg & Haak in 1938 and by Ratos AB (publ) in 1980 and had a book value in the company’s balance sheet of SEK 56m as of 31 December 2018.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press Ratos, +46 70 868 40 50

About Ratos:
Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable operational development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees. 

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Transportation Insight Appoints Rennie Faulkner as CEO

Gryphon Investors

Enterprise Logistics Provider’s Top Finance Executive Succeeds Retiring Leader

Hickory, NC – March 14, 2019 —Transportation Insight (or “the Company”), a North American leader in Enterprise Logistics, announces that Rennie Faulkner has been appointed Chief Executive Officer of the Transportation Insight Division of TI Holdco. He has served as Transportation Insight’s Chief Financial Officer since 2010 and will continue as TI Holdco’s CFO. Faulkner succeeds President and CEO Chris Baltz who will retire after more than 25 years in executive leadership positions in supply chain, logistics and transportation management. TI Holdco also acquired a majority interest in Nolan Transportation Group(“NTG”) in December 2018.

“With his experience as CFO for two publicly traded companies and his investment banking background, Rennie has brought a distinct set of skills to Transportation Insight over the past nine years,” says Transportation Insight Founder and TI Holdco Chairman Paul Thompson. “His finance and transaction expertise proved especially valuable as our level of M&A activity accelerated in 2014, and over the years he has built a deep understanding of all aspects of our business. I am excited that Rennie is now taking on the CEO role for this next chapter of our company’s growth.”

As Transportation Insight’s Chief Financial Officer, Faulkner has been a key member of the executive management team that has seen the Company’s gross revenue grow from $296 million in 2010 to $2.3 billion in 2018. During this growth phase, Faulkner’s responsibilities included significant involvement in multiple acquisitions as well as two private equity transactions, including the Company’s current partnership with San Francisco-based private equity firm Gryphon Investors that formed in 2018.

“I cannot think of a more exciting time to serve as Transportation Insight’s CEO. Our clients across multiple industries are recognizing that a modern, efficient supply chain is a competitive necessity. Our associates are making a difference in our clients’ businesses every day, and our team is energized by the opportunities ahead of us,” says Faulkner, whose executive responsibilities during his tenure have included Information Technology and Organizational Development in addition to financial leadership duties. “It has been a privilege to serve alongside Chris. His focused leadership has been a vital part of positioning our company as a true leader in the North American logistics marketplace.”

“During his nearly decade-long tenure, Chris has made a significant impact on Transportation Insight. From his initial role as Chief Strategy Officer to his six years as CEO, where he has led our company through tremendous growth and the completion of two private equity transactions, we’re grateful for Chris’s leadership and dedication to our customers and our associates,” Thompson says. “We wish Chris the best during his next phase of life, and we are delighted that Rennie has agreed to continue his proven leadership as we enter the next phase of Transportation Insight’s growth.”

“Over the past nine years, I have been blessed to be a part of some extraordinary work alongside an amazing team,” Baltz says. “Our deep, talented management team provides a great foundation for Transportation Insight’s future. These leaders and associates across the organization have established a reputation for excellence in this industry, and I’m looking forward to watching Rennie and this team continue the mission of growing Transportation Insight into the dominant provider of logistics services in North America.”

About Transportation Insight
Transportation Insight is a multi-modal, lead logistics provider with $3.9 billion in logistics spend under management, and operates as a division within TI Holdco. For nearly 20 years, the Enterprise Logistics Solutions Provider has partnered with manufacturers, retailers and distributors to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates by providing customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications, parcel technology platform (audit, engineering, advanced analytics) and business intelligence. Serving over 1,500 clients, its logistics services portfolio includes domestic transportation, e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials including secondary packaging. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers in Atlanta, GA, Bentonville, AR, Boston, MA, Charlotte, NC, Omaha, NE, Overland Park, KS and Salt Lake City, UT; service centers in Canton, OH, Charlotte, NC and St. Louis, MO; and client support offices across North America. For more about Transportation Insight, visit www.transportationinsight.com.

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