True Wind-Backed Transflo Acquires Microdea
10.07.20
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Simpson Thacher represented Transflo, a portfolio company of True Wind Capital, in its acquisition of Microdea, a leader in document management and workflow automation solutions for the transportation and logistics industry. The combined business will operate under the Transflo brand as the leading provider of end-to-end supply chain solutions for shippers, freight brokers, carriers and drivers in North America. Financial terms were not disclosed.
Transflo® by Pegasus TransTech is a leading mobile, telematics and business process automation provider to the transportation industry in the United States and Canada. Transflo’s mobile and cloud-based technologies deliver real-time communications to fleets, brokers, shippers and commercial vehicle drivers, and digitize 800 million shipping documents a year, representing approximately $84 billion in freight bills. Organizations throughout the Transflo client and partner network use the solution suite and digital platforms to increase efficiency, improve cash flow and reduce costs.
The Simpson Thacher team included Robert Langdon and Fred de Albuquerque (M&A); Brian Gluck (Banking and Credit); and David Rubinsky (Executive Compensation and Employee Benefits).