Transportation Insight acquires FreightPros
Acquisition made to strengthen position in LTL brokerage market
Transportation Insight, a provider of Enterprise Logistics solutions and services, has acquired Meridian Logistics LLC of Austin, TX, which operates as FreightPros. FreightPros is a freight brokerage company founded in 2009 specialising in the Less Than Truckload (LTL) brokerage market.
FreightPros will initially operate as a part of Transportation Insight within its holding company, Transportation Insight Holdings, and over time will be integrated with the Nolan Transportation Group (NTG) brokerage business unit.
FreightPros Founder Chris Clever will continue to lead FreightPros and will hold a leadership position as Vice President of LTL Solutions with responsibility for all LTL brokerage activity.
K&L Gates LLP served as the lead legal advisor to Transportation Insight and NTG and Kastner Gravelle LLP, served as the legal advisor to FreightPros.
"The acquisition of FreightPros strengthens Transportation Insight's leadership position in delivering logistics management solutions to North American shippers," says Transportation Insight Founder and Chairman Paul Thompson.
"Our existing clients and prospects will realize a greater value from the knowledge, relationships and expertise of Transportation Insight and NTG associates from this strategic acquisition," Clever says.