Gryphon Investors to acquire Nolan Transportation Group
NTG will operate as a sister company to Transportation Insight.
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.