NEW YORK, Dec. 2, 2021 /PRNewswire/ -- Transfix Inc.
("Transfix"), a leading, next-generation digital freight platform,
today announced the addition of Guy
Byars as Senior Vice President of Carrier Growth, and
Jennifer Mosso as Vice President of
Shipper Growth.
Byars brings two decades of freight experience, previously
having built a $100MM+ brokerage division for Echo and Jones, and
leading Schneider National and C.A.T. Global Inc. to scale and grow
their technological footprints. "Twenty years ago the industry was
slow to change and adopt technology; over a decade ago electronic
logs effected a sea change in how logistics entwines with
technology. Today, Transfix stands apart with its focus on bridging
customer value via carrier and driver-focused optimizations,"
explained Byars. "I eagerly anticipate exploring how our broad
brokerage experience will align with the brilliant team at Transfix
as we simplify adaptation for our partner carriers and
customers."
Mosso adds deep experience in brokerage operations, supply chain
optimization, solution design, customer growth, team building, and
commercial leadership. "Transfix's commitment to transparency and
relationships, alongside its focus on technology and automation, is
what sets us apart from competitors in the industry," said Mosso.
"I'm thrilled to be joining a dynamic team, and look forward to
creating actionable solutions and services that add significant
value to customers' supply chains."
"We're at an incredible moment in our company's history, primed
for continued growth and scale in an industry ripe for our tech and
service solutions," said Lily Shen,
CEO and President of Transfix. "The knowledge and relationships
that Guy and Jennifer bring to the table, combined with their
passion for infusing technology into the industry, positions us to
double down on customer experience and help our partners thrive, no
matter the market conditions."
Most recently, Byars served as VP of Jones Logistics, prior to
that, VP of C.A.T. Global Inc., and held various management roles
at Echo Global Logistics and Schneider National. He earned a
Bachelor of Business Administration degree from Kansas State University.
Mosso previously served as VP of Enterprise Sales &
Services, and VP of Enterprise Business Development at BNSF
Logistics. Prior to that, she held the title of Director of
Strategic Sales at C.H. Robinson, and various other leadership
roles at the company. She earned a Bachelor of Business
Administration degree from the University of
Oklahoma.
Transfix's digital freight platform - powered by its proprietary
technology, AI, and automation and underpinned with world-class
operations - is transforming the traditional and digital freight
sector, bringing together the world's best shippers and carriers,
and delivering a transparent, trusted, and sustainable freight
ecosystem. Transfix works with some of the largest Fortune 500
companies as well as mid- and small sized shippers, and has built a
strong carrier community across the U.S.
As announced on September 21,
2021, Transfix has entered into a definitive business
combination agreement with G Squared Ascend I Inc. (NYSE: GSQD), a
special purpose acquisition company sponsored by affiliates of G
Squared, that is expected to result in Transfix becoming a publicly
listed company. Completion of the business combination is subject
to customary closing conditions.
About Transfix
Transfix is a market-leading,
next-generation freight platform transforming the traditional and
digital freight sector while bringing transparency, trust, and
sustainability to the transportation ecosystem. The company
combines deep industry expertise and a world-class class carrier
network with advanced technology. The result? Competitive pricing,
superior service and reliability, and an intelligent platform
designed to optimize the supply chain from start to finish. Today,
some of the world's most recognized brands rely on Transfix's
trusted carrier network. Transfix was named one of Forbes' "Next
Billion-Dollar Startups" and is headquartered in the heart of
New York City. For more
information, visit www.transfix.io.
About G Squared
G Squared is a global venture capital
firm that partners with dynamic companies throughout their life
cycles as a complete capital solutions provider, working to create
value for companies, investors, employees, and other stakeholders.
The firm focuses on investments in growth-stage technology
companies and has invested in over 100 portfolio companies since it
was founded in 2011. The firm's affiliate, G Squared Ascend, offers
transformative private companies a path to public markets via SPAC.
For more information on G Squared and its portfolio, visit:
www.gsquared.com. For more information on G Squared Ascend, visit:
www.gsquaredascend.com.
Media Contact
Chelsea
Horn, Carve Communications for Transfix
chelsea@carvecomms.com
(210) 378-8580
Investor
Contact
Investors@solidpower.com
Important Information and Where to Find It
In
connection with the proposed business combination involving G
Squared Ascend I Inc. ("G Squared Ascend I") and Transfix, Inc.
("Transfix"), Transfix Holdings, Inc. ("Transfix Holdings") has
filed a registration statement on Form S-4 (the "Registration
Statement") with the Securities and Exchange Commission (the
"SEC"). The Registration Statement includes a proxy statement of G
Squared Ascend I and a prospectus of Transfix Holdings.
Additionally, G Squared Ascend I and Transfix Holdings will file
other relevant materials with the SEC in connection with the
business combination. Copies may be obtained free of charge at the
SEC's website at www.sec.gov. Security holders of G Squared Ascend
I are urged to read the proxy statement/prospectus and the other
relevant materials when they become available before making any
voting decision with respect to the proposed business combination
because they will contain important information about the business
combination and the parties to the business combination and related
matters. The information contained on, or that may be accessed
through, the websites referenced in this communication is not
incorporated by reference into, and is not a part of, this
communication.
Participants in the Solicitation
G Squared Ascend I
and its directors and officers may be deemed participants in the
solicitation of proxies of G Squared Ascend I's stockholders in
connection with the proposed business combination. Transfix and its
officers and directors may also be deemed participants in such
solicitation. Security holders may obtain more detailed information
regarding the names, affiliations and interests of certain of G
Squared Ascend I's executive officers and directors in the
solicitation by reading G Squared Ascend I's final prospectus for
its initial public offering filed with the SEC on February 8, 2021, and the proxy
statement/prospectus and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of G Squared Ascend
I's participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement/prospectus relating to the business
combination when it becomes available.
No Offer or Solicitation
This communication is for
informational purposes only and is not intended to and shall not
constitute a proxy statement or the solicitation of a proxy,
consent or authorization with respect to any securities in respect
of the proposed business combination and shall not constitute an
offer to sell or the solicitation of an offer to buy any securities
or constitute a solicitation of any vote or approval, nor shall
there be any sale, issuance or transfer of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward Looking Statements
The information in this
communication may contain statements that are not historical facts
but are "forward-looking statements'' within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and within the
meaning of "safe harbor" provisions under the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of present or historical fact included in this
communication, regarding G Squared Ascend I's proposed business
combination with Transfix, G Squared Ascend I's ability to
consummate the transaction, the benefits of the transaction and the
combined company's future financial performance, as well as the
combined company's strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this communication, the words "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, G Squared Ascend I and Transfix disclaim any
duty to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this communication. G
Squared Ascend I and Transfix caution you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either G Squared Ascend I or
Transfix. In addition, G Squared Ascend I and Transfix caution you
that the forward-looking statements contained in this communication
are subject to the following factors: (i) the occurrence of any
event, change or other circumstances that could delay the business
combination or give rise to the termination of the agreements
related thereto; (ii) the outcome of any legal proceedings that may
be instituted against G Squared Ascend I or Transfix following
announcement of the transactions; (iii) the inability to complete
the business combination due to the failure to obtain approval of
the shareholders of G Squared Ascend I, or other conditions to
closing in the transaction agreement; (iv) the risk that the
proposed business combination disrupts G Squared Ascend I's or
Transfix's current plans and operations as a result of the
announcement of the transactions; (v) Transfix's ability to realize
the anticipated benefits of the business combination, which may be
affected by, among other things, competition and the ability of
Transfix to grow and manage growth profitably following the
business combination; (vi) costs related to the business
combination; (vii) changes in applicable laws or regulations;
(viii) rollout of Transfix's business and the timing of expected
business milestones, (ix) the effects of competition on Transfix's
business, (x) supply shortages in the materials necessary for the
production of Transfix's products, (xi) risks related to original
equipment manufacturers and other partners being unable or
unwilling to initiate or continue business partnerships on
favorable terms, (xii) the termination or reduction of government
clean energy and electric vehicle incentives, (xiii) delays in the
construction and operation of production facilities, (xiv) the
amount of redemption requests made by G Squared Ascend I's public
stockholders, (xv) changes in domestic and foreign business,
market, financial, political and legal conditions, and (xvi) the
possibility that Transfix may be adversely affected by other
economic, business, and/or competitive factors. Should one or more
of the risks or uncertainties described in this communication, or
should underlying assumptions prove incorrect, actual results and
plans could differ materially from those expressed in any
forward-looking statements. You should carefully consider the risks
and uncertainties described in the "Risk Factors" section of G
Squared Ascend I's final prospectus filed on February 8, 2021, and Quarterly Reports on Form
10-Q, in each case, under the heading "Risk Factors," and other
documents of G Squared Ascend I filed, or to be filed, including
the proxy statement/prospectus, with the SEC. Additional
information concerning these and other factors that may impact the
operations and projections discussed herein can be found in G
Squared Ascend I 's periodic filings with the SEC, including G
Squared Ascend I's final prospectus for its initial public offering
filed with the SEC on February 8,
2021. G Squared Ascend I's SEC filings are available
publicly on the SEC's website at www.sec.gov.
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SOURCE Transfix