We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Trucker Tools acquired by private equity-backed SaaS company

Trucker Tools acquired by private equity-backed SaaS company

ASG says its mission is to buy and operate software-as-a-service startup firms.

truckertools-Screen-Shot-2021-06-22-at-1.09.29-PM.png
June 22, 2021
Ben Ames
No Comments

The digital freight management platform Trucker Tools is planning for a new stage of growth after being acquired today by ASG, a software as a service (SaaS) company owned by a private equity firm.

Walnut Creek, California-based Alpine SG (ASG) says its mission is to buy, build, and operate market-leading vertical SaaS companies. The company was created by San Francisco-based private equity firm Alpine Investors in 2016.

Terms of the deal were not disclosed, but ASG said that tech industry executive Jesse Buckingham will join Trucker Tools as chief revenue officer.

“ASG and Alpine’s access to resources and their deep experience building successful SaaS companies is a tremendous advantage that will further improve our product development, delivery, and platform utility for 3PLs, brokers, and truckers,” Trucker Tools Founder and CEO Prasad Gollapalli said in a release.

This deal marks ASG’s 35th acquisition to date, and the continuation of its investment in the logistics space. The firm’s portfolio also includes e-Courier, which provides software for last mile delivery couriers.

With Reston, Virginia-based Trucker Tools, ASG gains a digital freight management platform that provides capacity management, predictive freight matching, automated booking, real-time GPS-based visibility, and digital workflow solutions for the transportation industry. Nearly 300 freight brokers and third party logistics providers (3PLs) are on the platform today, along with almost 1.4 million truckers and 170,000 small-fleet operators on the mobile booking and tracking app. 

Founded in 2013 by Gollapalli, Trucker Tools began as a smartphone-based shipment visibility solution for drivers, owner-operators, small fleets, and their broker partners. It then expanded to address additional driver needs and brought on Murali Yellepeddy as CTO. It has grown further in recent years through steps like building integrations with vehicle rental and leasing giant Ryder System Inc., parking reservation platform vendor TruckPark, and transportation management system (TMS) vendor Teknowlogi.

“Prasad, Murali and team have built the leading tracking and digital freight matching platform for brokered freight,” Buckingham said in a release. “There are many players that are trying to disrupt transportation. What’s special about Trucker Tools is their belief that digital transformation comes from working with the industry, not against it. The trust and deep relationships they’ve earned by operating from this belief sets them apart.”

Technology Trucking
KEYWORDS Trucker Tools
  • Related Articles

    Specialty logistics firm Magnate Worldwide acquired by private equity buyer

    RK Logistics acquired by private equity group

Benames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.

Recent Articles by Ben Ames

DB Schenker spends $435 million to buy Arkansas’ USA Truck

Peak Technologies continues its consolidation tear through AIDC sector

FedEx buys share of FourKites, launches joint visibility service

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • How to resolve your inventory dilemma

  • Container prices continue to drop

  • Regionalized supply chains: the key to resilience

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Case Study: Peak Teams helps boost headcount quickly on a short-term project

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing