M&A Deal Summary

Truckstop Acquires FreightFriend

On July 18, 2023, Truckstop acquired internet software and services company FreightFriend

Acquisition Highlights
  • This is Truckstop’s 1st transaction in the Internet Software and Services sector.
  • This is Truckstop’s 4th transaction in the United States.
  • This is Truckstop’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-07-18
Target FreightFriend
Sector Internet Software and Services
Buyer(s) Truckstop
Deal Type Add-on Acquisition

Target

FreightFriend

Chicago, Illinois, United States
FreightFriend is a cloud-based truckload procurement solution that harnesses the power of AI to find capacity and match freight. The software solutions include a carrier relationship management (CRM) platform, freight matching and a relationship-based marketplace, and predictive new carrier discovery. FreightFriend was founded in 2011 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Truckstop

New Plymouth, Idaho, United States
Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Truckstop is a provider of end-to-end technology solutions throughout the freight execution lifecycle in North America. Truckstop has grown to be the largest freight matching marketplace in the industry. Truckstop was founded in 1995 and is based in New Plymouth, Idaho.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 RMIS

Westlake Village, California, United States

RMIS is a provider of automated onboarding and monitoring services and software to the freight transportation industry. RMIS collects and monitors Certificate of Insurance information, manages compliance rule sets for its clients, and offers customized tools to significantly reduce risk, cut costs, eliminate paperwork, and automate the registration and compliance process. RMIS was founded in 1996 and is based in Westlake Village, California.

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