M&A Deal Summary

Redwood Logistics Acquires LTX Solutions

On January 23, 2019, Redwood Logistics acquired transportation company LTX Solutions

Acquisition Highlights
  • This is Redwood Logistics’ 2nd transaction in the Transportation sector.
  • This is Redwood Logistics’ 2nd transaction in the United States.
  • This is Redwood Logistics’ 1st transaction in Georgia.

M&A Deal Summary
Date 2019-01-23
Target LTX Solutions
Sector Transportation
Buyer(s) Redwood Logistics
Deal Type Add-on Acquisition

Target

LTX Solutions

Atlanta, Georgia, United States
LTX Solutions is a provider of less than truckload ("LTL") freight management and transportation supply chain solutions. LTX provides customized solutions that streamline your supply chain management processes and strengthen your customer service. LTX Solutions was founded in 1997 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Redwood Logistics

Chicago, Illinois, United States
Category Company
Founded 2001
Sector Transportation
DESCRIPTION

Redwood Logistics is a logistics platform company that provides solutions for moving and managing freight for more than 20 years. The company’s diverse portfolio includes digital freight brokerage, flexible freight management, and logistics consulting all wrapped into a revolutionary logistics and technology delivery model—Logistics Platform as a Service (LPaaS). LPaaS utilizes an open platform for digital planning that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. Redwood Logistics was formed in 2001 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Transportation) 2 of 3
Type (Add-on Acquisition) 1 of 3
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Simplified Logistics

Westlake, Ohio, United States

Simplified Logistics is a third-party logistics (3PL) provider with a focus on less-than-truckload (LTL) transportation management services. Simplified's comprehensive service offering includes logistics consulting, transportation management, customer reporting, and freight audit and payment services. Simplified was founded in 2003 and is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Strive Logistics

Chicago, Illinois, United States

Strive Logistics is a Chicago-based third-party logistics provider whose proprietary TMS, LoadRunner, is powered by innovative, flexible algorithms that are fully customizable to help customers meet their needs. LoadRunner is backed by an in-house team of developers that have also structured a digital freight management model that leverages artificial intelligence and process automation to move freight more efficiently.

Buy -
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