RPM Freight Systems in Royal Oak, a finished vehicle logistics provider, has received an unspecified investment from the Dallas-based private equity firm Trive Capital and Bluejay Capital Partners, which has offices in Florida and Colorado.
Founded in 2011, RPM is a technology-driven, asset-light provider of transportation management solutions to new and used finished vehicle logistics and other specialized freight markets in North America and Europe. The company is used by many of the largest auto OEMs and remarketers to transport vehicles and freight, safely and efficiently, from origin to destination.
RPM says it specializes in using its diversified network of carrier relationships and proprietary technology platform to provide customers with flexible, reliable, and cost-efficient transportation solutions, regardless of nuance and supply chain volatility.
“As we enter our next phase of growth, we are delighted to partner with Trive and Bluejay and leverage their significant operational and industry expertise,” says Barry Spilman, founder and CEO of RPM. “The support and resources of these two firms should accelerate our growth trajectory by enhancing our service capabilities and unlocking new opportunities in North America and Europe. Together, we will continue to set the standard for excellence and innovation in our industry.”
RPM serves more than 30 countries in North America and Europe, providing data-driven solutions to OEMs, online dealers, re-marketing firms, and others to meet their finished vehicle transport and component freight needs.
“We are thrilled to partner with the talented team at RPM, who have built a business that delivers a win-win for both shippers and carriers,” says Andrew Frank, managing director at Trive Capital. “The company will continue to pursue excellence in logistics with its flexible, customer-centric service model, and Trive looks forward investing in the platform to support its continued growth.”
Bluejay Capital is focuses its investing in transportation and logistics businesses. Its team has more than 120 years of combined operating experience in the sector.
“Partnering with RPM is an incredible opportunity,” says Pierre Mathieu, managing partner at Bluejay Capital Partners. “We are eager to take part in RPM’s journey of ongoing growth, and we are confident in its ability to seize emerging opportunities within the automotive and specialty freight transportation markets.”
Trive Partner Blake Bonner notes, “RPM represents an outstanding opportunity in the transportation logistics industry to support a market leader. We believe the company’s comprehensive service offerings and technological capabilities are key differentiators in the marketplace.”
For more information on RPM Freight Systems, visit rpmmoves.com.
