Arcadia Capital, the premier strategic advisor and investment bank to leaders in the technology and software ecosystem, served as exclusive financial advisor to Carrier Logistics Inc. (“CLI” or “the Company”) in its sale to STG, a mid-market private equity investment firm focused on partnering with market-leading companies in data, software, and analytics.
CLI serves as a leading provider of transportation management software for asset-based, multi-stop carriers, including Less-Than-Truckload ("LTL") and small package carriers. The Company’s platform includes more than 20 modules that manage shipments from pickup through final accounting, using AI, automation and analytics across operations and financial processes. CLI is recognized for technology innovation and industry leadership, including HDT's Top 20 Products award. Companies across the U.S. and Canada rely on CLI to improve efficiency and profitability.
This partnership positions Carrier Logistics Inc. to build on its strong foundation within the LTL ecosystem and accelerate product innovation by integrating advanced agentic AI frameworks into CLI's core architecture. With a highly sticky customer base and long-standing industry relationships, the Company is well-positioned for forward expansion through a solution set that significantly automates and optimizes all aspects of its customers’ operations.
Through its investment, STG will support Carrier Logistics Inc. in delivering an AI-native operating system that is uniquely positioned to drive product innovation and facilitate ongoing strategic expansion across the market. STG plans to significantly expand R&D investment in CLI, accelerating the development and deployment of advanced AI capabilities. This "AI-first" strategy positions CLI customers at the forefront of innovation, enabling them to transition from legacy, manual processes to an optimized, intelligent terminal environment.
"We are thrilled for CLI's next stage of expansion as a leading Agentic-AI solution, through this monumental partnership with STG. We are proud of how Arcadia Capital's deep sector expertise, strategic approach to the market, and detail focused process execution delivered a differentiated outcome for CLI and setup the company to become the market leading AI TMS platform for LTL carriers. This outcome is a reflection of Arcadia Capital's strong relationships across the supply chain and transportation management ecosystems and best-in-class approach to process execution and strategic advisory," said Tristan Snyder, Managing Partner of Arcadia Capital.
The transaction underscores Arcadia Capital’s continued leadership in advising high-growth software, SaaS, AI and tech-enabled services businesses on strategic transactions. The deal reinforces Arcadia’s ability to partner with founders, operators and financial sponsors to deliver thoughtful, execution-focused outcomes in complex processes.
Arcadia Capital served as exclusive financial advisor and Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to Carrier Logistics. Paul Hastings LLP served as legal advisor to STG.
For more information about Arcadia Capital, please visit www.arcadiacapital.io.
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