Palladium Equity Partners Acquires TransForce, Inc.

Palladium Equity Partners Acquires TransForce, Inc., a Provider of Specialized Staffing, Recruiting, and Workforce Management Solutions to the Commercial Transportation Industry

New York, NY, and Alexandria, VA, July 6, 2015 — Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.0 billion in assets under management, today announced that an affiliated fund has acquired TransForce, Inc. (“TransForce” or the “Company”), a specialized staffing and recruiting company that provides qualified commercial truck drivers to third-party logistics companies, private fleets, and trucking companies. Headquartered in Alexandria, VA, the Company operates 47 branches across 24 states and dispatches more than 2,500 drivers to its customers on a daily basis.

“We believe TransForce has established a differentiated position in the industry through its broad geographic footprint, full service offering, strong safety track record, regulatory expertise, and excellent customer service,” said Luis Zaldivar, a Managing Director of Palladium. “My partners and I look forward to supporting the growth of TransForce into new geographies through expected de novo branches and acquisitions.”

“We are excited that TransForce has become a member of the Palladium family,” said David Broome, President and CEO of TransForce. “Palladium shares our vision for TransForce and has significant experience providing companies with the necessary resources to accelerate growth. With this partnership in place, we believe we are well positioned to tap into strategic opportunities to better serve our customers.”

Terms of the investment were not disclosed.

About TransForce, Inc.
TransForce is a provider of specialized staffing, recruiting, and workforce management solutions to the commercial transportation industry. The Company supplies qualified commercial truck drivers to thirdparty logistics companies, private fleets, and trucking companies. TransForce operates 47 branches across 24 states and dispatches more than 2,500 drivers on a daily basis. For additional information, please visit www.transforce.com (http://www.transforce.com/) or call (703) 838-5580.

About Palladium Equity Partners, LLC
Palladium is a middle market private equity firm with over $2.0 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $1.0 billion of capital in more than 20 platform investments and over 50 add-on acquisitions. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. The principals of the firm have significant experience in financial services, business services, food, healthcare, industrial and media businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. Palladium is based in New York City. For more information, visit www.palladiumequity.com.

To view the full press release please click here (URL)

TransForce Acquires Choice Drivers in Arizona

Alexandria, VA – April 24, 2015, TransForce, Inc. the nation’s leading staffing firm specializing in quality commercial truck drivers, has acquired the assets of Choice Drivers (Choice). Choice is a leading regional provider of high-quality commercial truck drivers with its primary operations in Arizona. Choice has been serving the transportation industry for over 38 years.

“TransForce is extremely excited about this acquisition. Choice is a well-established provider of quality drivers in the Arizona market and we are very pleased to have the opportunity to consolidate our operations and to provide even greater opportunities for our customers and drivers,” said David Broome, President and CEO of TransForce.

“The management team at Choice brings decades of experience in providing truck drivers and logistics services to our valued customers. I feel that TransForce mirrors our dedication to the transportation industry and by joining TransForce’s national footprint we can offer a more complete service to our customers,” said Doug Prall, President of Choice Drivers.

“Choice is the fifth acquisition TransForce has announced in the last 28 months. Along with organic growth, we continue to seek acquisitions with like-minded companies such as Choice, who are market leaders in providing high-quality professional drivers to the industry,” said David Broome, President and CEO of TransForce. TransForce was advised in this transaction by its equity partners, The Argentum Group and First Analysis, its financing partner, SunTrust Bank and legal advisor Holland & Knight.

About TransForce
TransForce was founded in 1991 and has operations across the nation. TransForce specializes in providing high-quality commercial truck drivers to the transportation industry, including trucking companies, third party logistics companies and private fleets. TransForce also offers Department of Transportation (DOT) compliance services that include DOT audit preparedness, file qualification services and training, and federal motor carrier regulation education. TransForce is the only national staffing company exclusively devoted to the transportation industry. Accordingly, TransForce provides a high level of expertise with respect to both employing highly-skilled truck drivers and understanding the regulatory requirements that apply to truck drivers. No other national staffing company can provide such an exclusive focus on transportation.

To view the full press release please click here (PDF)

TransForce Inc. Acquires Davis Transportation Services in New England

Alexandria,VA- April 16, 2015, TransForce, Inc. the nation’s leading staffing firm specializing in quality commercial truck drivers, has acquired the assets of Davis Transportation Services (DTS). DTS is a leading regional provider of high­ quality commercial truck drivers serving New England with offices in Boston and Springfield, Massachusetts. DTS recently earned the Best of Staffing® Award for providing remarkable service quality. Fewer than 2% of all staffing agencies in the United States and Canada earned the 2015 Best of Staffing® Award for service excellence.

“DTS is another perfect acquisition for us. Like TransForce, DTS was founded on the bases of quality, compliance and safety. Both companies have had success in focusing on customer service and providing the best opportunities for our drivers. DTS is a great addition to our company and a perfect fit in our acquisition strategy” said David Broome, President and CEO of TransForce.

“The DTS employees bring over a decade of experience in the driver staffing industry and are truly excited about our future with TransForce. Not only does TransForce mirror our quality business practices, they mirror our dedication to the transportation industry. Our futures together will be extraordinary,” said Brendan Davis, President of DTS.

“Future acquisitions are part of our growth strategy. Along with organic growth, we continue to seek acquisitions with like-minded companies such as DTS, that are market leaders in providing high-quality professional drivers to the industry,” said David Broome, President and CEO of TransForce. TransForce was advised in this transaction by its equity partners, The Argentum Group and First Analysis, its financing partner, SunTrust Bank and legal advisor Holland & Knight.

About TransForce
TransForce was founded in 1991 and has operations across the nation. TransForce specializes in providing high-quality commercial truck drivers to the transportation industry, including trucking companies, third party logistics companies and private fleets. TransForce also offers Department of Transportation (DOT) compliance services that include DOT audit preparedness, file qualification services and training, and federal motor carrier regulation education. TransForce is the only national staffing company exclusively devoted to the transportation industry. Accordingly, TransForce provides a high level of expertise with respect to both employing highly -skilled truck drivers and understanding the regulatory requirements that apply to truck drivers. No other national staffing company can provide such an exclusive focus.

To view the full press release please click here (PDF)

TransForce, Inc. Expands into Saint Louis, Missouri

ALEXANDRIA VA. – April 13, 2015 – TransForce is pleased to announce its expansion plans into Saint Louis, Missouri which includes markets from Eastern and Central Missouri and Southern Illinois.  The expansion is led by John Creager, Vice President, Market Development, Tom Olsen, Vice President of the Central Region and Sydney Roberts, General Manager, who has direct responsibility for the TransForce Missouri operations.

TransForce is the nation’s leading specialty staffing firm devoted exclusively to the transportation industry.  The Company provides qualified commercial truck drivers and compliance services to motor carriers across the nation.  The Saint Louis expansion complements the existing Kansas City office.  TransForce has 46 branch offices serving markets in 23 states across the country.

David Broome, TransForce President and CEO says of the office opening: “We are excited to expand our capacity to serve our customers in Missouri and Illinois.  With the new Saint Louis office, we are able to provide qualified drivers across the entire state.”

The new Saint Louis office is located at 1610 Des Peres Road, Suite 150, Des Peres, MO 63131.

About TransForce (www.transforce.com):

Established in 1991, TransForce is the nation’s leading specialty staffing firm devoted exclusively to the transportation industry.  TransForce is committed to a culture of DOT compliance and safe driving.  TransForce operates in 23 states through a network of soon to be 46 branch offices.

To view the full press release please click here (PDF)

TransForce, Inc. Expands into Southern Florida

ALEXANDRIA VA. – November 24, 2014 – TransForce is pleased to announce their expansion
plans to open in Fort Lauderdale servicing southern Florida including markets from West Palm
Beach to southern Miami. The expansion is led by John Creager, Vice President, Market
Development, Gene Nelson, Regional Sales Manager and Shannon Bolan, Vice President who
has direct responsibility of the TransForce Florida operations.

TransForce is the nation’s leading specialty staffing firm devoted exclusively to the
transportation industry. The Company provides qualified commercial truck drivers and
compliance services to motor carriers across the nation. The Southern Florida expansion
complements the existing Florida offices in Jacksonville and Tampa. TransForce has 45 branch
offices in 23 states across the country with near future plans for Orlando, Florida later in 2014.

David Broome, TransForce President and CEO says of the office opening: “We are excited to
expand our capacity to serve our customers in Florida. TransForce has aggressively pursued
growth in the southeastern United States over the last two years. Opening southern Florida and
later in the year Orlando, we are able to provide qualified drivers across the entire state.” In
December of 2012, TransForce acquired the operations of Superior Drivers and in January 2014
acquired Best Drivers. Both companies were strong regional providers based in the southeastern
United States.

The new Southern Florida’s office is located at 1451 West Cypress Creek Road, Suite 300, Fort
Lauderdale, FL 33309

About TransForce (www.transforce.com):
Established in 1991, TransForce is the nation’s leading specialty staffing firm devoted
exclusively to the transportation industry. TransForce is committed to a culture of DOT
compliance and safe driving. TransForce operates in 23 states through a network of soon to be
46 branch offices.

To view the full press release please click here (PDF)

TransForce Expands to Jackson, Mississippi

ALEXANDRIA VA. – May 16, 2014 – TransForce Inc., the nation’s leading driver staffing firm, is pleased to announce the opening of its new office in the Jackson, Mississippi market. While TransForce has served Mississippi for years from our Memphis, Tennessee office, the recent acquisition of Best Drivers enables TransForce to further enhance our service offerings in Mississippi.

TransForce operates a network of 44 offices in 23 states across the nation. David Broome, TransForce President says “We are committed to enhancing our services in the southeast and across the nation. The Jackson office compliments the new offices from our significant acquisitions in the region in the last 18 months.” TransForce has recently completed three significant acquisitions, including Best Drivers and Superior Driver Source in the southeastern USA. TransForce believes in being nationally resourceful, but locally responsive. Having local offices near our customers’ operations is an essential part of the recruiting and customer service processes.

The contact information for the new office is:
7048 Old Canton Road, Suite 2010, Ridgeland, MS 39157
Phone: 769-300-2985

About TransForce (www.transforce.com):
Established in 1991, TransForce is the nation’s leading specialty staffing firm devoted exclusively to the transportation industry. TransForce is committed to a culture of DOT compliance and safe driving. TransForce operates in 23 states through a network of 44 branch offices.

To view the full press release please click here (PDF)

TransForce Purchases Best Drivers and Expands Further in the Southeast

ALEXANDRIA, Va. – January 6, 2014. TransForce, Inc., the industry leader in truck driver staffing, announced that it has acquired Best Drivers based in Alcoa, Tennessee. Best Drivers provides commercial truck drivers throughout the southeastern U.S., with operations in Tennessee, North Carolina, South Carolina, Florida, Georgia, Mississippi, Kentucky, and Alabama. To ensure seamless customer service, Best’s management team has joined TransForce’s leadership team and will assume key regional management roles. The combined operations of TransForce and Best Drivers employ well over 2,000 truck drivers across the nation. Terms of the transaction were not disclosed.

The Best acquisition further enhances TransForce’s national footprint, providing its national customers with increased geographical coverage of their operations. Among the new markets are those in South Carolina and Florida, two new states that will join TransForce’s current nationwide service area. TransForce and Best Drivers have similar corporate cultures and similar approaches to risk management. Both companies strive to provide only the safest and highest-quality commercial truck drivers.

David Broome, CEO of TransForce says “Best Drivers is the ideal acquisition for TransForce. Best and TransForce drivers share a well-earned reputation for quality. Both companies have worked hard to install the processes and controls to ensure that our truck drivers meet and exceed Federal standards. In addition, both Best and TransForce take great pride in our customer service. We stay in constant contact with our customers to prevent surprises.”

Brad Smith, CEO of Best Drivers adds that “The merger of TransForce and Best Drivers is an ideal match. Our combined management team is one of the strongest in the industry. By joining forces our ability to service a broader client base expands exponentially.”

Acquisitions continue to be a part of TransForce’s growth strategy. “While the Company traditionally has grown organically, we believe that the addition of high-quality companies such as Best provides a further boost to growth. It is especially helpful to acquire a company with such a strong reputation and commitment to quality as Best. We will continue to pursue such opportunities,” says David Broome, CEO.

To view the full press release please click here (PDF)

TransForce Driver Staffing Acquires DriveForce operations and expands Oklahoma Presence

Alexandria, VA – July 17, 2013, TransForce, Inc. the nation’s leading driver staffing firm, has acquired the assets of DriveForce Transportation Services and DriveForce Transportation Services of Tulsa (DriveForce). DriveForce is a regional provider of high-quality commercial truck drivers and skilled industrial personnel with operations throughout Oklahoma.
“DriveForce is another perfect acquisition for us. Like TransForce, DriveForce was founded on the bases of quality, compliance and safety. Both companies have had success in focusing on customer service and providing the best opportunities for our drivers. DriveForce is a great addition to our company and a perfect fit in our acquisition strategy” said David Broome, President and CEO of TransForce.
“The DriveForce employees are truly excited about our future with TransForce. Not only does TransForce mirror our quality business practices, they mirror our hearts and dedication to the transportation industry. Our futures together will be extraordinary,” said Stacy Wheeler, President of DriveForce.
“Future acquisitions are part of our growth strategy. Along with organic growth, we continue to seek acquisitions with like-minded companies such as DriveForce, that are market leaders in providing quality and professional drivers to the industry,” said David Broome, President and CEO of TransForce. TransForce was advised in this transaction by its equity partners, The Argentum Group and First Analysis, and its financing partners, Merion Investment Partners and SunTrust Bank.

About TransForce
TransForce was founded in 1991 and has operations across the nation. TransForce specializes in providing high-quality commercial truck drivers to the transportation industry, including trucking companies, third party logistics companies and private fleets. TransForce also offers Department of Transportation (DOT) compliance services that include DOT audit preparedness, file qualification services and training, and federal motor carrier regulation education. TransForce is the only national staffing company exclusively devoted to the transportation industry. Accordingly, TransForce provides a high level of expertise with respect to both employing highly-skilled truck drivers and understanding the regulatory requirements that apply to truck drivers. No other national staffing company can provide such an exclusive focus.

TransForce acquires Superior Driver Source of Tennessee and the Carolinas

Alexandria, VA – January 21, 2013. TransForce, Inc., an industry leader in providing professional commercial truck drivers on a temporary, contingent or contract basis and transportation compliance services, announced that it has acquired Superior Driver Source, Inc. and Superior Driver Source of the Carolinas (Superior). Superior provides commercial truck drivers in the southeastern U.S. with operations in Tennessee, North Carolina, Kentucky, Georgia, Mississippi and South Carolina. Superior’s senior management has joined TransForce’s leadership team and will assume key regional management roles, ensuring seamless customer service. Terms of the transaction were not disclosed.

The Superior acquisition enhances TransForce’s ability to serve a wide range of customer needs within this region. Including Superior’s operations, TransForce serves over 40 markets throughout the U.S., serving national, regional and local motor carriers.

“Superior is the perfect fit for us. Both companies have a keen focus on providing quality drivers with impressive safety records. This combination has allowed both companies to prosper by providing exemplary customer service and a great working environment for our drivers” said David Broome, CEO of TransForce. Gina Colbert, President of Superior, will be leading the transition under the TransForce banner. According to Gina, “The combination of Superior and TransForce provides increased opportunities for professional development for both our drivers and our staff. More importantly, our existing customers can now benefit from a broader and deeper range of services supported by the nationwide resources at TransForce.”

Future acquisitions are part of the TransForce growth strategy. “Traditionally, we have pursued a strategy of organic growth. We now plan to accelerate our growth trajectory by acquiring companies like Superior that provide quality professional drivers with safe operating histories to a broad range of customers. Our goals are to increase the number of markets we serve and to be the market leader in each and every market in which we are present” said David Broome, CEO of TransForce. TransForce was advised in this transaction by one of its equity sponsors, The Argentum Group, with financing provided by SunTrust Bank.

2012 National Truck Driver Appreciation Week

Today marks the start of the 2012 National Truck Driver Appreciation Week (9/16 to 9/22). We would like to take this opportunity to thank you and to show our appreciation for what you do for TransForce all year long. Our offices are often complimented on your driving skills, your concern for safety, your professionalism, your customer service and your willingness to make our customers happy.

TransForce now employs over 1,500 professional truck drivers across the country. Combined on an annual basis, we drive over 100 million miles and we have the safest record of any driver staffing company and better than most U.S. motor carriers. We are extremely proud of our safety record and even more proud of the professional drivers that support our network of 38 offices and drive for our 2,000 customers across this great country.

As you know, our standards are higher than those of many motor carriers. Being a TransForce driver is a badge of honor and we are honored you have chosen TransForce as your employer. We are continuously looking for business partners who want to team with us for our professional drivers. TransFerce is also always recruiting for additional drivers like you. Reach out to your local branch to learn about the driver referral bonus plan and refer a friend for some easy cash . .

Safety is our first concern. Please help us to help you stay safe. Read our safety newsletter – In the Safety Zone TM – – and take the time to practice the following safety tips:

• Lift with your legs, not with your back.
• Always keep three points of contact when climbing in and out of the cab.
• Wear your seatbelt! It may save your life someday.

Thank you for your professional service. TransForce is the nation’s top provider of driver solutions because we work with drivers like you. You are the key to our success and we are proud to work with you each and every day. Please visit your local office to pick up your driver appreciation gift. And please be careful out there!