San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, announced it is acquiring Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider, for roughly $2.25 billion and consisting of up to $750 million in the common stock of Uber.
Transplace is owned by TPG Capital, the private equity platform of alternative asset firm TPG capital. TPG acquired Transplace in 2017.
The deal is subject to regulatory approval and other customary closing conditions, according to Uber Freight and Transplace.
