Transportation Insight, Hickory, N.C., acquired Meridian Logistics LLC, Austin, Texas, dba FreightPros. FreightPros is a freight brokerage company with deep expertise in the less than truckload (LTL) brokerage market.
This acquisition continues Transportation Insight’s core M&A strategy of buying transportation and logistics businesses with a strong base of clients.
“The acquisition of FreightPros strengthens Transportation Insight’s leadership position in delivering logistics management solutions to North American shippers,” says Paul Thompson, founder and chairman of Transportation Insight.
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.