Tenstreet Expands with DriverReach Acquisition

Deal News | Mar 31, 2025 | Fulcrum Equity Partners Inc

Tenstreet Expands with DriverReach Acquisition

Tenstreet, a leading provider of marketplace solutions for the trucking industry, has acquired DriverReach, a company specializing in driver recruitment and compliance management software. This strategic acquisition aims to combine the networks of both companies to enhance services for drivers and carriers. By incorporating the advancements from DriverReach, Tenstreet plans to bolster its platform's usability and adoption, thereby addressing industry-specific challenges related to recruiting and retention. Tim Crawford, CEO of Tenstreet, emphasizes that the acquisition is geared towards scaling the value provided to stakeholders in the trucking industry. Brent Dorfman, CEO of DriverReach, notes that the deal is a significant milestone that promises to improve user productivity and success further. Tenstreet and DriverReach collectively aim to streamline and optimize the recruitment and hiring process in the trucking sector.

Sectors

  • Logistics and Transportation
  • Software and Technology

Geography

  • United States – Tenstreet and DriverReach are likely based in the U.S., serving the trucking industry, which is a significant sector in the country.

Industry

  • Logistics and Transportation – The article deals with companies providing marketplace and recruitment solutions in the trucking industry, a segment of logistics and transportation.
  • Software and Technology – Both Tenstreet and DriverReach operate as technology providers, offering software for recruitment and compliance management in the trucking industry.

Financials

    Participants

    NameRoleTypeDescription
    TenstreetAcquirerCompanyA leading provider of marketplace solutions for drivers and carriers in the trucking industry.
    DriverReachTargetCompanyA company specializing in driver recruitment and compliance management software.
    Fulcrum Equity Partners Inc.Private Equity FirmCompanyThe private equity firm supporting Tenstreet's acquisition.
    Tim CrawfordCEO, TenstreetPersonCEO responsible for leading Tenstreet and overseeing its strategic direction.
    Brent DorfmanCEO, DriverReachPersonCEO leading DriverReach, focused on enhancing user productivity and success.