FOR IMMEDIATE RELEASE: (MAY 23, 2018)
McLarty Capital Partners (MCP) invests in GTG Technology Group (GTG)
GTG to use capital infusion to accelerate and expand their leading transportation technology solutions
HOUSTON, TEXAS: GTG today announced its partnership with McLarty Capital Partners (MCP), with capital contributed through its investment platform Transferre Technologies, Inc. With the business presence and resources of MCP, GTG’s ability to expand and grow the adoption and delivery of their industry-leading managed transportation technology solutions, services, and support will be greatly enhanced. “We are most excited about working with GTG to extend our presence in the transportation technology space. We strongly believe that GTG’s vision of emerging industry markets combined with MCP’s support creates tremendous opportunities to take advantage of” – Tedmond Wong, Principal, MCP.
GTG will operate as a standalone business unit with continued, expanded, and accelerated enhancement of their services, products and support. GTG will operate under the GTG Technology Group brand with the same team, services, technology portfolio, and support. “With the capital support from MCP, GTG will be able to extend and accelerate its reach in to new markets” -Chris Zimmerman, President & CEO – GTG.
The current GTG solution areas that will benefit from this transaction are as follows:
|IMS – Intermodal Management System|
BMS – Brokerage Management System
DMS – Drayage Management System
OptiNet – True Drayage Optimization / Dispatch
|DatNet – Data Analysis, Reporting, and Business Intelligence|
TabNet – Integrated In-Truck Smart Device App
…and several soon to be announced offerings
Collecting the right data and then making it actionable, available, visible, optimized, and easy to use will continue to be the central focus of all GTG solutions.
About GTG Technology Group: GTG Technology Group is a leading provider of Cloud based software-as-a-service to the intermodal and freight management industries. GTG offers comprehensive, integrated transportation management software solutions that can work together or separately, depending on the customer’s needs. GTG’s software offerings allow transportation professionals in every branch of the industry to manage their intermodal, rail, truck and dray operations with complete, end-to-end visibility and greater efficiency.
About McLarty Capital Partners: Established in 2012, McLarty Capital Partners (MCP) provides tailored debt and equity capital solutions to small and medium sized enterprises (SMEs). MCP is a value added partner to entrepreneurs, management teams and business owners and provides solutions by deploying versatile capital in a user-friendly way. MCP seeks both senior and junior debt capital opportunities including unitranche, second lien and mezzanine debt, and also provides equity capital structured as either preferred or common equity. MCP is focused on turning small business into big business.
GTG Technology Group
McLarty Capital Partners