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Arrive Logistics Secures Over $300 Million Investment From Atl Partners To Support Accelerated Growth

Apr 28, 2021•over 4 years ago

Amount Raised

$300 Million

Austin

Description

Arrive Logistics (“Arrive”) and ATL Partners (“ATL”) announced today that an investor group led by ATL and its co-investors The Baupost Group, British Columbia Investment Management Corporation, and Temasek has made an investment into Arrive. Arrive is a leading freight brokerage that delivers unparalleled service to its network of shippers and carriers through its highly trained workforce and advanced proprietary technology platform. The investment includes over $300 million of capital through a combination of primary and secondary equity, resulting in the ATL led investor group acquiring a significant minority equity stake and becoming the single largest investor in the Company. As part of the transaction, seasoned logistics and technology executives Andrew Clarke, Jerome Lorrain and Paul Bell will join the Board of Directors with Andrew Clarke announced as chairman.

Company Information

Company

Arrive Logistics

Location

Austin, Texas, United States

About

Arrive Logistics is one of the fastest-growing freight brokerages in the nation, with exponential growth in both size and revenue yearly since its founding in 2014. Arrive’s team brings a unique sense of grit and determination to their work—focusing on the distinct needs of shippers and carriers and work to exceed their expectations every day with unparalleled service, seamless tech capabilities and custom solutions. With headquarters in Austin, TX and an office in Chicago, IL, Arrive has been recognized by Inc. as both a Best Workplace and an Inc. 5000 Fastest-Growing Private Company. Learn more at arrivelogistics.com.

Funding Insights

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