McCarter Partners Ron Leibman, head of the firm’s Transportation, Logistics & Supply Chain Management practice, and Philip Amoa, an M&A partner and managing partner of the firm’s Philadelphia office, led the sale of Transfix, Inc.’s (Transfix) freight brokerage unit to NFI Industries, Inc. (NFI), a logistics business which generates more than $3.5 billion annually. The deal was announced on June 5, 2024.
“We appreciate the industry and deal knowledge Ron, Philip, and their team brought to this transaction,” said Jonathan Salama, Transfix’s co-founder and CEO. “When you’re doing a deal like this, nothing replaces decades of experience in the logistics field, and sharp minds open to the future of the industry.”
Leibman, who Chambers and Partners ranks in Band 1 for his Transportation and Logistics practice, has been working for clients in the industry for over four decades. Before joining private practice, he served as a senior logistics executive at both Wakefern Food Corp. (ShopRite Supermarkets) and home-furnishing retailer Fortunoff’s. His counsel is sought by many of the nation’s leading players in the industry and he is a frequent speaker at logistics industry events. Leibman and Amoa, who is a Chambers-ranked M&A attorney with significant experience in Delaware corporate law and a former logistics analyst at a major corporation, have blended their skills and assembled a cross-functional team to handle traditional transportation and warehousing deals, as well as logistics technology transactions, on behalf of strategic buyers and sellers, and private equity and other investors.
“This deal represents something new in the logistics space, and is really exciting for our client. It’s transformative in terms of how Transfix can now focus solely on using its world-class technology to help power its customers supply chains,” Leibman said.
Transfix, a digital freight management and logistics company, launched in 2013 as the nation’s first tech-powered brokerage. The company said its remaining SaaS business will continue to cater to brokers, shippers and carriers, and that as part of this deal it has entered into a licensing agreement making NFI the first third-party customer of its proprietary TMS, the Transfix Intelligent Freight Platform.
According to Salama, the transaction allows the company to focus on marketing its transportation software and data solutions, which leverages automation and machine learning to lower shipping costs for hundreds of customers. “NFI was the perfect cultural and operational fit for our customers, carriers, and team,” said Salama. “And now, with this acquisition, we’re able to expand our best-in-class solutions that have powered our business for over a decade to our peers in brokerage.