DAT Freight & Analytics Expands Offerings with Trucker Tools Acquisition
Deal News | Dec 17, 2024 | Globenewswire
DAT Freight & Analytics has announced its acquisition of Trucker Tools, a strategic addition aimed at enhancing its freight solutions by integrating Trucker Tools' innovative load tracking and carrier sourcing capabilities. This acquisition allows DAT to expand its offerings to carriers, brokers, and shippers by leveraging Trucker Tools' unique features and strong industry presence. Trucker Tools, known for its carrier-driven platform, offers a suite of tools that includes load tracking, a load board, and resources for carriers, boasting significant adoption with over 350,000 unique downloads of its app. This acquisition aligns with DAT's mission to provide unmatched data analytics and market trends to the freight industry, as they continue to operate North America's largest freight marketplace. The transaction sees Trucker Tools and its owner, ASG, represented by Raymond James as financial advisor and Willkie Farr & Gallagher LLP as legal advisor.
Sectors
- Freight and Logistics
- Technology
Geography
- United States – DAT Freight & Analytics and Trucker Tools are based in the U.S., and the acquisition impacts North America's largest freight marketplace.
- North America – The scope of DAT's operations and the impact of the acquisition encompass North America, providing market trends and insights to the continent.
Industry
- Freight and Logistics – The article discusses a strategic acquisition within the freight and logistics industry, highlighting advanced solutions and services for carriers, brokers, and shippers.
- Technology – The acquisition emphasizes the integration of technology-driven solutions such as load tracking and data analytics in the freight industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DAT Freight & Analytics | Acquirer | Company | A leader in the freight industry providing extensive market data analytics and solutions across North America. |
| Trucker Tools | Target Company | Company | A capacity sourcing and load-tracking solution provider focused on enhancing the carrier experience. |
| Raymond James | Financial Advisor | Company | Served as the financial advisor for Trucker Tools and ASG during the acquisition process. |
| Willkie Farr & Gallagher LLP | Legal Advisor | Company | Provided legal advisory services to Trucker Tools and ASG. |
| Roper Technologies | Parent Company | Company | The parent company of DAT Freight & Analytics, involved in various industries including transportation and logistics. |