Transplace acquires Logistics Management Solutions 05 November 2014

Transplace has acquired Logistics Management Solutions (LMS), a non-asset-based third party logistics (3PL) provider with particular strength in the chemical and industrial manufacturing sectors that enables its customers to gain competitive advantages through optimal transportation management.

Terms of the transaction were not disclosed.

Established in 1996, LMS offers advanced technology and results-oriented services that help shippers improve their safety, service levels and financial performance. LMS delivers freight management solutions and transportation savings to a diverse customer base that includes Monsanto and several other Fortune 500 companies.

Joining Transplace positions LMS to better serve current customers, allowing it to take advantage of Transplace's experience and scale along with its technology and Lean Six Sigma-based processes.

Dennis Schoemehl, CEO of Logistics Management Solutions will remain an advisor to Tom Sanderson, and LMS President & COO Greg Umstead will continue to operate the business as a key member of the Transplace leadership team.