Tampa company lands $255M in private equity funds

Warburg Pincus, a $35 billion global private equity firm, plans to invest $255 million in Riverview-based BlueGrace Logistics, one of the region's leading third-party transportation and logistics firms.

Warburg Pincus will become a minority owner of BlueGrace in the deal, according to a release. The funds, the release adds, will go toward “the rapid growth of the business, including hiring 500-700 new employees, accelerating its national expansion plans and pursuing strategic acquisitions.”

BlueGrace, with 370 employees nationwide, is currently building out the remainder of its 55,000 square feet of headquarters space in Hillsborough County and seeks more space in the Tampa area. The company expects to significantly increase employment in Tampa, Chicago, Boston and other markets with the capital infusion.