Truckstop.com Has Received a Growth Equity Investment from Bregal Sagemount
Signal Hill is pleased to announce that its client Truckstop.com has received a growth equity investment from Bregal Sagemount, a growth-oriented private equity firm, in a transaction that expands upon the firm’s expertise and domain knowledge within the transportation, logistics, and supply chain software sectors.
Internet Truckstop Group (ITG) is the leading provider of end-to-end technology solutions throughout the freight execution lifecycle in North America. Truckstop.com, ITG’s flagship property, offers innovative technology and freight-matching solutions for the freight transportation market. The investment will support ITG’s continued expansion of services, market reach, and value-add to its customers.
“The Signal Hill team, led by Dave Dolan and John Roediger, developed an efficient and technical process that created a great outcome for ITG. The Signal Hill team added tremendous value every step of the way, and we look forward to working with them on future transactions,” said Paris Cole, CEO of ITG.
“ITG is the recognized pioneer and leader in connecting transportation. We’re thrilled that Signal Hill understood their business, strategic goals and Sagemount's model well enough to know that the time was right for this partnership,” said Phil Yates, Founding Partner at Bregal Sagemount, who will join ITG’s Board of Directors.
The transaction also represents the expansion of Signal Hill’s private placements capabilities.
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading advisory boutique serving the M&A and private capital raising needs of growth companies. 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.