Uber Freight to Acquire Transplace

Uber Freight has agreed to acquire Transplace, a provider of non-asset-based third-party logistics services, from TPG Capital for $2.25 billion. The purchase price includes up to $750 million in common stock of Uber Freight’s parent, Uber Technologies (NYSE: UBER) and the remainder in cash. Transplace provides full transportation outsourcing, carrier contracting and negotiation, and freight brokerage services to more than 1,000 mid-market shippers and Fortune 500 companiesace