MacroPoint Has Received a Growth Equity Investment from Susquehanna Growth Equity
Signal Hill is pleased to announce that its client MacroPoint, creator of a multi-modal freight tracking network that provides shippers, logistics service providers and carriers real-time visibility into load status, received a $44 million investment from Susquehanna Growth Equity, LLC (SGE). MacroPoint plans to accelerate investment in product and network expansion, both in the U.S. and internationally.
MacroPoint owns the largest visibility network in the industry, encompassing over 800,000 drivers and more than 3,000 paying customers, including JB Hunt, UPS and FedEx. Its platform tracks more than 2 million loads per year and provides integration with major TMS and ELD packages. Beyond visibility, the software offers control tower functionality and analytics, exception reporting, automated arrival / departure alerts and HOS-related features.
“David Dolan and the team from Signal Hill brought us deep knowledge of the market for logistics technology investments,” said Bennett Adelson, CEO of MacroPoint. “They executed a first-class and highly effective process that produced extraordinary results. The care and attention they showed to our deal was truly outstanding.”
About Signal Hill
Signal Hill Capital Group LLC, along with its affiliate, Signal Hill LLC (together, “Signal Hill”), is a leading investment banking and advisory boutique serving the M&A and private capital raising needs of growth companies and was named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes». For more information visit www.signalhill.com.