Logistics News

TM Insight bulks up with XAct Solutions buy

Private equity-backed purchase bolsters east Asian presence

 

With a series of recent deals under its belt, TM Insight is getting more muscular.

The property and supply chain specialist says it has doubled in size with the purchase of a consultancy in the same space, the privately held XAct Solutions.

Not value was offered on the deal, which is backed by private-equity firm Next Capital.

And the growth move may not stop there.

“The acquisition of XAct Solutions marks our next era of expansion, bringing together the expertise and know-how of two leading businesses for the benefit of our customers,” TM Insight CEO Travis Erridge says.

“XAct Solutions will increase TM Insight’s geographic reach and significantly bolster our supply chain capabilities by providing us with industry best practice systems to strengthen our unique integrated service offering in supply chain, property and project management.

“At a time where supply chains have never been more challenged with global restrictions and the acceleration in ecommerce, we are bringing together the top talent in the sector.

“This will provide our customers the support they need to futureproof their business and optimise their operations for the long-term.” 


Read how TM Insight gained Marcus Carmont from Toll, here 


 

Founded in 2005, XAct Solutions has a presence in Sydney, Melbourne, Singapore, Ho Chi Minh City, Hanoi and Tokyo, with a team of more than 50 specialists.

The acquisition has been completed, with the teams at TM Insight and XAct Solutions – including  principals and owners Geoff Thomas, Peter Ramsay and Byron Patching  – to run in parallel initially, then integrating into a combined entity.

Earlier this year, TM Insight brought on Next Capital as joint shareholders to the help the business scale-up.

“Next Capital are delighted to support bringing together the region’s preeminent firms in supply chain, logistics and related property consulting services,” Next Capital founding partner John White says.

“Our business model looks to support high quality teams with real competitive advantage, and we see those attributes in these organisations individually and even more powerfully as an integrated group.”

 

Previous ArticleNext Article
Send this to a friend