CargoSprint Acquires Dray Dog

Lone View Capital Acquires Majority Stake in CargoSprint

November 12, 2024

Logistics & Distribution

Lone View Capital, a growth-oriented private equity firm, has made a strategic investment acquiring a majority ownership stake in CargoSprint. The deal installs longtime board advisor Caro Krissman as CEO while founder Joshua Wolf moves to a board advisory role; Lone View said it will support increased R&D and the company’s next phase of growth.

CargoSprint Acquires Advent eModal

December 16, 2024

Logistics & Distribution

CargoSprint, a Lone View Capital portfolio company, has acquired Advent Intermodal Solutions LLC (Advent eModal), the world's largest port community platform. The combination expands CargoSprint's freight payments and workflow orchestration capabilities across air, sea and land, and follows Lone View Capital's strategic investment in CargoSprint earlier this year.

Sheer Logistics Acquires CargoBarn

April 2, 2024

Logistics & Distribution

Sheer Logistics has acquired tech-enabled 3PL and freight brokerage CargoBarn to deepen its 3PL/managed transportation and freight brokerage capabilities. The deal expands Sheer's geographic footprint (adding CargoBarn offices in Fresno, Atlanta, Dallas and Jacksonville) and strengthens its ability to offer managed services and brokerage specialty lanes; terms were not disclosed.

DAT Freight & Analytics Acquires Trucker Tools

December 18, 2024

Logistics & Distribution

DAT Freight & Analytics has acquired the operations of Trucker Tools LLC from ASG (a portfolio company of Alpine Investors) to integrate real-time load tracking, automated booking, and digital freight-matching capabilities into its DAT One platform. Trucker Tools will continue to operate under its current leadership, with CEO Kary Jablonski joining the DAT executive team; the deal closed on December 17, 2024.

Freightos Acquires Shipsta

August 19, 2024

Logistics & Distribution

Freightos, the public global digital freight booking platform, has acquired Luxembourg-headquartered Shipsta to add multimodal tender and contract procurement capabilities to its spot pricing, quoting, and booking offering. The deal is being financed with cash (~€4.5m) and equity (approx. 640,000 Freightos shares) and is intended to expand Freightos' product capabilities, accelerate revenue growth, and increase total addressable market.

Capital Express and ADL Delivery Form Final-Mile Platform Backed by Red Dog Equity

April 11, 2022

Logistics & Distribution

Omaha-based Capital Express and Tampa-based ADL Delivery have combined under a newly established holding company to create a national final-mile logistics platform. The new platform will be led by the companies' leadership teams and has secured growth capital from Atlanta-based private equity firm Red Dog Equity (with financing support from Monroe Capital and capital access via The Pritzker Organization) to fund expansion and future add-on acquisitions.