True Wind Capital Management’s new investment in Transflo


Simpson Thacher represented True Wind Capital in connection with its investment in Transflo.

rue Wind Capital Management today announced that it has led a new investment in Transflo, partnering with its management team to recapitalize the business. Based in Tampa, Florida, Transflo is a leading mobile, telematics, and business process automation provider to the transportation industry.

True Wind’s investment serves as a capstone for Transflo’s 2017 growth. Total downloads of Transflo Mobile, the company’s flagship enterprise solution, grew to over 940,000 while active commercial driver users grew 72% during the year. Annually, Transflo facilitates nearly $54 billion in freight volume and digitizes 500 million transportation documents throughout the supply chain.

With the recapitalization, private equity firm Carousel Capital, Transflo’s owner since 2013, will remain a minority investor in the company. Carousel has worked with the management team to grow Transflo’s core document capture services, develop industry-leading mobile solutions, and enter the telematics market.

Transflo® by Pegasus TransTech is a leading mobile, telematics, and business process automation provider to the transportation industry in the United States and Canada. Through its technology, the company delivers real-time communications to thousands of fleets, brokers, and commercial vehicle drivers. The company’s mobile and cloud-based technologies digitize nearly 500 million shipping documents each year, representing approximately $54 billion in freight bills.

The Simpson Thacher team included Robert Langdon (Picture), Michael Holick, Fred de Albuquerque and Blake Meyer (M&A); Brian Gluck, Jennifer Levitt, Shana Ramirez, Rustin Brown, Adam Weiner and Scott Winston (Banking & Credit); David Rubinsky and Monisha Bhayana (Executive Compensation and Employee Benefits); Katharine Moir and Jacqueline Clinton (Tax); Michael Nooney, Robert Guo, Brendan Baker, Jane Li and Laura Berzins (Funds); Jeff Ostrow and Marcela Robledo (Intellectual Property); Sara Razi, Ellen Frye, Kelly Karapetyan, William Kearney and Muran Zhu (Antitrust); and Steven DeLott (Insurance).

Involved fees earner: Robert Langdon – Simpson Thacher & Bartlett; Michael Holick – Simpson Thacher & Bartlett; Frederick De Albuquerque – Simpson Thacher & Bartlett; Blake Meyer – Simpson Thacher & Bartlett; Brian Gluck – Simpson Thacher & Bartlett; Jennifer Levitt – Simpson Thacher & Bartlett; Shana Ramirez – Simpson Thacher & Bartlett; Rustin Brown – Simpson Thacher & Bartlett; Adam Weiner – Simpson Thacher & Bartlett; Scott Winston – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Michael Nooney – Simpson Thacher & Bartlett; Robert Guo – Simpson Thacher & Bartlett; Brendan Baker – Simpson Thacher & Bartlett; Jane Li – Simpson Thacher & Bartlett; Jeffrey Ostrow – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett; Muran Zhu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: True Wind Capital;

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Author: Ambrogio Visconti