Gryphon Investors, San Francisco, announced plans to acquire Nolan Transportation Group (NTG), an Atlanta-based non-asset freight brokerage firm. Ridgemont Equity Partners, Charlotte, N.C., was a minority investor in NTG.
NTG will operate as a sister company to Transportation Insight (TI), a Hickory, N.C.-based non-asset provider of enterprise logistics and transportation brokerage services. Gryphon acquired TI earlier this year. NTG and TI will continue to be operated separately under a holding company structure, retaining their existing names and current management teams, while leveraging the services of each business to the benefit of the combined customer base.
NTG provides truckload brokerage and third-party (3PL) logistics services to more than 6,000 customers across the United States, Canada and Mexico. The company’s carrier base consists of approximately 40,000 independent carriers in facilitating the movement of product. NTG specializes in both truckload (TL) and less-than-truckload (LTL), as well as expedited, partial, drayage, intermodal, rail and warehousing.
TI is a multimodal, lead logistics provider of 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.