Trive Capital ("Trive"), the Dallas-based private equity firm, and Bluejay Capital Partners ("Bluejay"), are excited to announce their recent investment in RPM Freight Systems, LLC, ("RPM" or the "Company") a leading asset-light finished vehicle logistics ("FVL") provider.
Founded in 2011, RPM is a technology-driven, asset-light provider of transportation management solutions to new and used finished vehicle logistics and other specialized freight markets in North America and Europe. The Company is trusted by many of the largest auto OEMs and remarketers to transport vehicles and freight, safely and efficiently, from origin to destination.
RPM founder and CEO, Barry Spilman stated, "As we enter our next phase of growth, we are delighted to partner with Trive and Bluejay and leverage their significant operational and industry expertise. The support and resources of these two firms should accelerate our growth trajectory by enhancing our service capabilities and unlocking new opportunities in North America and Europe. Together, we will continue to set the standard for excellence and innovation in our industry."
Andrew Frank, Managing Director at Trive Capital, commented, "We are thrilled to partner with the talented team at RPM, who have built a business that delivers a win-win for both shippers and carriers. The Company will continue to pursue excellence in logistics with its flexible, customer-centric service model, and Trive looks forward investing in the platform to support its continued growth."
Pierre Mathieu, Managing Partner at Bluejay Capital Partners mentioned, "Partnering with RPM is an incredible opportunity. We are eager to take part in RPM's journey of ongoing growth, and we are confident in its ability to seize emerging opportunities within the automotive and specialty freight transportation markets."
