Freight dealer FitzMark introduced Monday that’s has accomplished the acquisition of fellow Indianapolis-based 3PL Hometown Logistics.
Based in 2018, Hometown Logistics has greater than 100 workers figuring out of brokerage workplaces in Scottsdale, Arizona and Nashville, Tennessee, along with Indianapolis. The acquisition will assist develop FitzMark’s present dryvan and flatbed truckload choices.
Monetary phrases of the transaction weren’t disclosed. The deal closed on Tuesday.
“We’re grateful to the Hometown crew for trusting us as a house for his or her workers and prospects,” mentioned Scott Fitzgerald, FitzMark founder and CEO, in a information launch. … “We’re excited to offer them extra instruments and sources to proceed rising with their shipper and service companions.”
FitzMark gives brokerage companies and a proprietary TMS to greater than 3,000 shippers and 25,000 carriers. The corporate is backed by non-public fairness agency Calera Capital.
The deal marks 10 acquisitions for FitzMark since opening in 2006. It’s the firm’s third acquisition this yr. In April, it acquired temperature-controlled dealer Excessive Level Logistics and less-than-truckload dealer Pentonix Freight.
“In simply seven years, Hometown has achieved what as soon as appeared not possible — rising to the highest by among the most difficult freight markets our business has ever confronted,” mentioned Cole Ervin, founding father of Hometown. … “I’m excited to observe all the good issues Hometown and FitzMark will accomplish collectively.”
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