M&A Deal Summary

C.H. Robinson Worldwide Acquires Freightquote.com

On December 1, 2014, C.H. Robinson Worldwide acquired internet software and services company Freightquote.com from Great Hill Partners for 365M USD

Acquisition Highlights
  • This is C.H. Robinson Worldwide’s 2nd transaction in the Internet Software and Services sector.
  • This is C.H. Robinson Worldwide’s 2nd largest (disclosed) transaction.
  • This is C.H. Robinson Worldwide’s 10th transaction in the United States.
  • This is C.H. Robinson Worldwide’s 1st transaction in Missouri.

M&A Deal Summary

Date 2014-12-01
Target Freightquote.com
Sector Internet Software and Services
Buyer(s) C.H. Robinson Worldwide
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition
Deal Value 365M USD

Target

Freightquote.com

Kansas, Missouri, United States
Freightquote.com, Inc. is a provider of web-based freight transportation management services for small businesses.

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Buyer(S) 1

Buyer

C.H. Robinson Worldwide

Eden Prairie, Minnesota, United States

Category Company
Founded 1905
Sector Transportation
Employees13,781
Revenue 17.7B USD (2024)
DESCRIPTION
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.

C.H. Robinson Worldwide is a third-party logistics (3PL) provider. C.H. Robinson provides freight transportation and logistics, outsourcing solutions, produce sourcing, and information services to over 45,000 customers through a network of offices in North America, South America, Europe, Asia, and Australia. C.H. Robinson Worldwide was founded in 1905 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 18 of 24
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 18 of 23
State: Missouri M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2014 M&A 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-16 T-Chek Systems

Eden Prairie, Minnesota, United States

T-Chek Systems, Inc. is a business-to-business provider of spend management and payment processing services. T-Chek’s technology supports a variety of funds transfer, vendor payment, fuel purchasing, and online expense management tools. Historically, T-Chek has focused on the transportation industry with its major customer segments including the truckload, less-than-truckload, and private fleet industries, and truck stop chains. Due to changes in the industry, T-Chek has expanded its business further into the financial services sector, to include funds transfer and expense management for other industries through its MasterCard® product.

Sell $303M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 APC Logistics Pty

Port Melbourne, Australia

APC Logistics Pty Ltd. is an international freight forwarders and customs brokers.

Buy $225M

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 26 of 64
Sector: Internet Software and Services M&A 4 of 25
Type: Add-on Acquisition M&A Deals 20 of 40
State: Missouri M&A 1 of 1
Country: United States M&A 22 of 54
Year: 2014 M&A 5 of 5
Size (of disclosed) 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 bswift

Chicago, Illinois, United States

bswift offers software and services that streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. bswift’s state-of-the-art cloud-based technology and outsourcing solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and millions of consumers who enroll in benefits with bswift. bswift was founded in 2000 and is based in Chicago, Illinois.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Latisys

Englewood, Colorado, United States

Latisys Corp. is a provider of hybrid Infrastructure-as-a-Service (IaaS) solutions that span enterprise cloud, managed hosting and data center colocation.

Sell $675M