TransForce Group LLC
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TransForce Group LLC - overview
Established
2019
Location
Alexandria, VA, US
Primary Industry
Outsourcing
About
TransForce Group LLC is a dedicated provider of comprehensive CDL driver recruitment and staffing solutions, focusing on safety and compliance for the transportation industry. TransForce Group LLC, formed in February 2019 in Alexandria, US, operates as a specialized provider of recruitment and staffing solutions for the transportation sector. The company was established through a corporate formation process involving TransForce, Inc. , a portfolio company of Palladium Equity Partners.
Founder David Broome has a substantial history in the industry, contributing to the company's strategic direction alongside CEO Eddie B and Josef Rentmeister. TransForce has executed a total of one deal, the details of which are not publicly disclosed. TransForce operates as a comprehensive provider of CDL driver recruitment, staffing, safety, and compliance solutions tailored for the transportation industry. Their core offerings include a managed workforce program, allowing companies to outsource their driver workforce for short-term, long-term, and temp-to-perm assignments.
Additionally, TransForce supports aspiring professional drivers with services such as Entry-Level Driver Training (ELDT) certification and practical behind-the-wheel training. The company primarily serves shipping and logistics companies across the United States, catering to a diverse client base, including military veterans seeking CDL certification through training campuses located on military bases nationwide. The revenue model for TransForce is primarily structured around B2B transactions, providing staffing services directly to transportation and logistics companies. Clients engage TransForce for recruitment and workforce management solutions, including subscription-based services for ongoing driver placement and support.
The company capitalizes on its proprietary platforms to source qualified candidates, reducing clients' cost-per-hire. Specific pricing plans are structured around the nature and duration of the staffing solutions provided; however, detailed pricing information is not disclosed. Through its managed workforce program and other staffing services, TransForce effectively generates revenue by enhancing the operational capabilities of its clients in the transportation sector. The formation of TransForce Group LLC will enable the company to provide comprehensive solutions in a way that no other transportation company currently does.
With plans for expanding its services and geographic reach, TransForce is focusing on enhancing its offerings to better serve clients in new markets. The recent transaction in February 2019 positions the company to leverage its unique capabilities to meet evolving industry needs.
Current Investors
TransForce, Inc.
Primary Industry
Outsourcing
Sub Industries
Human Resources Services, Recruitment/Executive Search, Education & Training Services
Website
www.transforcegroup.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
TransForce Group LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | United States Truck Driving School, Inc. | - | ||||||||
| Add-on | Completed | TransForce Group LLC | - |
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