H.I.G. Capital Portfolio Company Grupo Ransa Completes Merger with Transportes Centroamericanos del Futuro
BOGOTÁ & LIMA – July 10, 2023 – H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $57 billion of equity capital under management, is pleased to announce that its portfolio company, Grupo Ransa (“Ransa” or the “Company”), a leading third-party logistics (“3PL”) player in Latin America with operations in eight countries and 35 cities, has completed a merger with Transportes Centroamericanos del Futuro (“TCF”).
TCF is a premier provider of land freight transportation, storage, and container repair services to major shipping lines across Central America, Colombia, and Mexico. TCF serves over 13 ports in the region and performs over 180,000 cargo movements per year among ports, distribution centers, and warehouses.
The Ransa and TCF merger creates a leading end-to-end logistics platform in Latin America, covering the entire logistics chain from the port to the warehouse and the end customer. The combined expertise and complementary services of Ransa and TCF will enhance the value proposition for clients across all markets, enabling superior service delivery. The combined group will operate from over 72 regional branches and serve 19 ports, operating four million square meters of storage space, 44,000 Twenty-Foot Equivalent Units, 340,000 cargo movements per year and a fleet of over 3,000 vehicles. With a workforce of over 9,200 employees in 10 countries in Latin America, the unified company is poised for continued success in the region.
Fabio Saad, Managing Director of H.I.G. Latin America and Head of Andean Region for H.I.G., commented: “This transaction is a crucial step in Ransa’s growth and consolidation strategy which began with H.I.G.’s investment in 2021 to establish the Company as the leading logistics platform in Latin America. The complementary businesses of Ransa and TCF will create synergies that strengthen the leadership positions of both companies in the region”.
“The teams of both Ransa and TCF are thrilled to embark on this collaborative journey. The merger between Ransa and TCF is a testament to the expertise, commitment, and customer-centric approach of our teams; qualities that enhance our businesses and further improve our value proposition as a company”, added Bernardo Dyner from TCF.
Paolo Sacchi, CEO of Ransa, commented: “This strategic merger will allow us to expand our integrated logistics services to our clients by leveraging the 25-year experience of TCF’s team in serving shipping lines, transporting containers, and handling specialized cargo. The union between Ransa and TCF empowers us to provide our clients with a comprehensive, scalable and unique value proposition in the market.”
Founded over 80 years ago, Ransa is one of the leading third-party logistics (“3PL”) operators in Latin America with operations in the Andean and Central American regions. The Company has an extensive regional footprint with critical mass and network in eight countries and 35 cities, in which it has over 8,000 workers and operates over 3.5 million square meters of infrastructure. It has become a one-stop shop solution, offering an efficient and integral 3PL service to blue-chip clients and large multinationals in Latin America. Ransa has a highly-diversified client revenue base with over 2,500 clients operating in various industries such as consumer, food & beverage, retail, fishing and agribusiness, mining and energy, freight forwarding, automotive and electronics, among others. For more information, please visit https://www.ransa.biz/.
Transportes Centroamericano del Futuro is a leading provider of land freight transportation, storage, and container repair services to major shipping lines across Central America, Colombia, and Mexico. It has over 25 years of experience serving more than 13 regional ports and facilitating over 180,000 cargo movements per year between ports, distribution centers, and warehouses.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative investment firm with $57 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.