Transportation Insight, a Hickory, N.C.-based provider of enterprise logistics services, announced it has acquired brokerage firm Meridian Logistics LLC of Austin, TX, dba FreightPros.
Transportation Insight said the acquisition is part and parcel of its “core M&A strategy of buying well-positioned transportation and logistics businesses with a strong base of clients that have future growth opportunities.” It noted that FreightPros, founded in 2009, has “deep expertise” in the LTL brokerage market.
FreightPros will initially operate within Transportation Insight’s holding company, Transportation Insight Holdings, and over time will be integrated with its Nolan Transportation Group brokerage business unit.
Chris Clever, founder of FreightPros, will continue to lead the operation and will hold a leadership position as vice president of LTL Solutions with responsibility for all LTL brokerage activity.
“The acquisition of FreightPros strengthens Transportation Insight’s leadership position in delivering logistics management solutions to North American shippers,” said 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,” Chris Clever said.
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.