Signal Hill is pleased to announce that its client Truckstop.com has received a growth equity investment from Bregal Sagemount, a growth-oriented private equity firm, in a transaction that expands upon the firm’s expertise and domain knowledge within the transportation, logistics, and supply chain software sectors. Internet Truckstop Group (ITG) is the leading provider of end-to-end technology solutions throughout the freight execution lifecycle in North America.
Truckstop.com, ITG’s flagship property, offers innovative technology and freight-matching solutions for the freight transportation market. The investment will support ITG’s continued expansion of services, market reach, and value-add to its customers.
The transaction also represents the expansion of Signal Hill’s private placements capabilities.
The Signal Hill team, led by Dave Dolan and John Roediger, developed an efficient and technical process that created a great outcome for ITG. The Signal Hill team added tremendous value every step of the way, and we look forward to working with them on future transactions.
ITG is the recognized pioneer and leader in connecting transportation. We’re thrilled that Signal Hill understood their business, strategic goals and Sagemount’s model well enough to know that the time was right for this partnership.