Mode Transportation: Comvest Completes Sale of SunteckTTS

WEST PALM BEACH and JACKSONVILLE, Fla., Dec. 10, 2019 (GLOBE NEWSWIRE) -- Comvest Partners ("Comvest") is pleased to announce that it has completed the sale of SunteckTTS Inc. ("SunteckTTS"), a leading multi-modal transportation solutions provider, to MODE Transportation ("MODE" or the "Company"), a leading North American third-party transportation and logistics company.The combined Company will offer a broad range of capabilities across all major modes of transportation including truckload, less-than-truckload, rail intermodal, drayage, air, ocean and parcel freight which will facilitate more than 1.5 million annual customer shipments and generate over $2 billion of revenue.Comvest acquired the predecessor to SunteckTTS in April 2013 through a take-private transaction and later completed a merger with TTS to create SunteckTTS in December ...Full story available on Benzinga.com