Transition Capital Partners Announces Formation of New 3PL Logistics Platform
DALLAS, September 7, 2018 (Newswire.com) - Transition Capital Partners (“TCP”), a Dallas, Texas-based private investment firm, is very pleased to announce the formation of a new 3PL logistics platform, TriCon Logistics, LLC (“TriCon”), in partnership with TriCon's Chief Executive Officer Chris Condon.
Based in Dallas, Texas, TriCon Logistics is an innovative and customer focused third-party logistics company providing a broad range of non-asset-based logistics services, including cargo transportation (air, ground and ocean freight), warehousing and distribution, fulfillment, final mile delivery and customs brokerage. TriCon serves its customers from offices in Dallas, Texas, Seattle, Washington, and Orlando, Florida. TriCon is an irreplaceable link in their partners' supply chain, delivering supply chain innovation and providing an unparalleled customer experience, while exuding its core values: Empowerment, Professionalism, Integrity and Community.
Chris Condon, CEO of TriCon, commented, “I am very excited about this new adventure. Our team at TriCon brings a wealth of logistics expertise, and our partnership with TCP allows us to provide solutions to our customers on an even larger scale. TCP understands our strengths and supports our innovative approach to supply chain management. We are focused on growth and I look forward to serving more of our customers’ logistics needs moving forward.”
Andy Foskey, Managing Partner of TCP, commented, “TCP’s investment strategy centers around a partnership with management. We back proven managers who are not majority owners of their businesses, create financial and strategic alignment, and partner with them to create sustainable long-term value in a business they currently run or a business they have identified that they are well-suited to run. TriCon represents our 4th Management Buy-out platform investment (“MBO”) in the last 4 years. When we met Chris and understood his vision for TriCon, we quickly realized that he would be a great MBO partner for TCP. We are very excited to partner with Chris and the TriCon team and help the business and its customers be EPIC.”
Source: Transition Capital Partners, LLC
