Redwood Logistics announced plans to acquire Strive Logistics, a provider of non-asset multimodal third-party logistics solutions.
Combining Strive’s freight management and multimodal brokerage capabilities, proprietary LoadRunner Transportation Management System, and excellence in process automation with Redwood’s scale, integrated model, enterprise sales team, and best-in-class transportation execution creates an innovative, full-service logistics offering for the transportation marketplace.
“Strive has made significant investments in both its people and its proprietary technology, and we are very excited to welcome the Strive team and its technology to the Redwood family,” Mark Yeager, CEO of Redwood says. “We see this as a major step in establishing Redwood as an industry leader and a transformative force in the marketplace.”
“We are focused on bringing next generation, tech-driven solutions so that our customers can continue to realize cost savings and efficiencies and achieve their shipping goals. Strive’s high caliber team, blue chip customer base, focus on technology, geographic reach, and the clear similarities in how we work to serve our customers make Strive the perfect merger candidate. We are thrilled to join forces with the Strive team and can’t wait to see what the future holds for Redwood,” adds Redwood president Todd Berger.
Key takeaways:
The combined company will operate under the Redwood brand, and Strive CEO Ben Greene, president Jon Provus, and the rest of Strive’s management team will be joining the Redwood organization.
