April 20, 2022 //
FreightWise, LLC: Brentwood, TN based FreightWise LLC, a market leader in developing supply chain technologies and transportation management solutions that help shippers design, optimize, and execute best-in-class supply chains has received an investment from an investor group led by Unigestion SA.
Stillwater Capital Corporation was the exclusive advisor to the FreightWise shareholders in the transaction.
Award winning FreightWise was #2 ranked on the 2019 Inc. 5000 Fastest-growing Private Companies List.
Unigestion was joined in the investment by Elyan Partners and Riverside Acceleration Capital. Riverside is a repeat investor in FreightWise, following a previous round of funding secured by Stillwater in fall 2020.
“We are pleased to acquire a significant minority interest in FreightWise and are excited to join this talented leadership team in the next phase of organic and acquisitive growth. FreightWise is our North American freight technology flagship for growth in the industry.” said Mike Toedtli, Principal at Unigestion.
Jordan Nix, Executive Vice President led Stillwater’s deal team with the support of Brad Kerkhof. Commenting on the transaction, Jordan Nix said “There was an overwhelmingly strong response from strategic buyers, but Michael Toedtli and the Unigestion team clearly demonstrated that they were the best fit for this next stage of FreightWise’s growth. Chris Cochran and the FreightWise team have built an incredible business and we thank them for selecting us to guide them through this transaction.”
About Freightwise LLC
FreightWise was founded in 2015 by industry veterans Chris Cochran, Alex Rustioni, Richard Hoehn, Scott Samuelson, and Phil Forte. Over 8 years, they successfully executed their strategy to build a smarter supply chain with that reduced costs, streamlined operations, and improved the lives of customers. FreightWise’s innovative solutions significantly reduce customers’ freight costs and increase on-time deliveries. Their growing service offering includes cost management, a modern TMS SaaS, supply chain design, cost and contract negotiation, and freight payment and auditing services. FreightWise, LLC
Headquartered in Geneva, Switzerland, Unigestion has a global presence across Europe, North America, and Asia. Unigestion is an independent, specialist asset management company providing innovative, tailored solutions for investors worldwide managing over $22 billion in assets. Unigestion
About Stillwater Capital Corporation
With over 100 competed transactions, Stillwater Capital is a recognized leader in advising transportation and logistics companies in mergers and acquisitions. For over 20 years, Stillwater has helped clients sell businesses better and formulate and execute exceptional acquisition and financing strategies.