Temperature-controlled logistics provider Lineage Logistics, along with principal private-equity owner Bay Grove, recently appointed Billy Sarracino as the new CEO of Lineage subsidiary Turvo, which provides freight brokers, third-party logistics firms, and shippers with modern transportation management software (TMS).
Sarracino is transitioning from his role as chief financial officer. Scott Lang, former chairman and CEO, will continue to serve as an advisor to Turvo, the companies said.
During Sarracino’s tenure as Turvo CFO, he developed the company’s financial organization, secured financing from strategic partners, and led the sale of Turvo to Lineage and Bay Grove as a strategic long-term play.
“I’m excited for this tremendous opportunity to lead Turvo into its next phase of growth,” Sarracino stated in a news release. “We remain steadfast in our mission to unify and automate the global supply chain by offering a differentiated TMS product. Our customers remain our primary focus as we continue to develop best-in-class supply chain technology with first-to-market solutions centered around Turvo’s collaborative architecture and network-approach.”
Lineage and Bay Grove acquired Turvo in June 2022 with the vision of supporting Turvo in developing enterprise TMS solutions for visibility and collaboration across the global supply chain.
“At Lineage, we are committed to transforming the world’s supply chain to eliminate waste and help feed the world,” said Sudarsan Thattai, Lineage’s CIO and chief transformation officer. “Turvo is integral to Lineage’s digital transformation, and with Billy transitioning to CEO, we are confident Turvo is well-positioned to continue developing the world’s most innovative collaborative TMS platform to help achieve our mission.”
With Lineage’s support, Turvo will continue to operate independently, while focused on customers and investing in its technology offering to expand into new and adjacent markets.
“The past three and half years being a part of Turvo’s evolution—from an early-stage tech company to a domain leader in TMS for the global supply chain—has been an incredible journey,” Lang said. “The company is in the best position it has ever been in and will continue to thrive under Billy’s leadership with backing from Lineage and Bay Grove.
“I look forward to serving in my new role as an advisor to support Turvo’s future endeavors.”
