Scoop: Warburg Pincus-backed BlueGrace Logistics is for sale

Warburg Pincus-backed BlueGrace Logistics is for sale, Axios Pro has learned from three sources.

State of play: Dealmakers have increasingly targeted third-party logistics firms and transportation management systems with access to customer data.

Inside the room: Evercore is advising Riverview, Fla.-based BlueGrace, which helps businesses manage freight shipments, per one source.

It has been testing the market intermittently over the past few years, another source says.

Catch up quick: Warburg invested $255 million in BlueGrace in 2016; the company was founded in 2009 by a former loading dock worker.

The company has made at least half a dozen acquisitions since, including TMS provider TrukTMS in August.

Context: C.H. Robinson's $5.8 billion deal for RXO earlier this month is among the largest supply chain acquisitions of the year.

Meanwhile, Echo Global Logistics is planning an IPO next year, while smaller providers SiLo and PS Logistics are in market.

Warburg declined to comment. BlueGrace and Evercore did not respond to requests for comment.