Transportation Insight, a leader in Enterprise Logistics solutions and services, announces it has acquired Meridian Logistics LLC of Austin, TX, dba FreightPros. FreightPros is an established freight brokerage company founded in 2009 with deep expertise in the LTL (less than truckload) brokerage market. The acquisition continues Transportation Insight’s core M&A strategy of buying well-positioned transportation and logistics businesses with a strong base of clients that have future growth opportunities.
“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.
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.
“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.
Combining the resources of Transportation Insight and NTG with the FreightPros team’s experience and relationships will create a more comprehensive go-to-market service offering to bring to existing and prospective clients.
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.