RPM Freight Systems, a Royal Oak-based provider of finished vehicle logistics, has received a non-specified investment by the Dallas private equity firm Trive Capital, and Bluejay Capital Partners with offices in Florida and Colorado.
RPM was founded in 2011 and is a technology-driven and asset-light provider for transportation management solutions in North America and Europe. This includes new and used finished vehicles logistics, as well as other specialized freight markets. Many of the largest auto OEMs, remarketers, and other companies use RPM to transport vehicles and cargo safely and efficiently from origin to destination.
RPM claims to be a specialist in providing flexible, reliable and cost-efficient transport solutions for customers, regardless of supply chain volatility and nuance.
Barry Spilman is the founder and CEO of RPM. He says, “As we enter into our next phase of expansion, we are thrilled to partner with Trive, Bluejay, and leverage their significant industry and operational expertise.” The support and resources provided by these two firms will accelerate our growth trajectory, enhancing our service capability and unlocking new business opportunities in North America. Together, we’ll continue to set the bar for excellence and innovation within our industry.”
RPM provides data-driven solutions for OEMs, online retailers, remarketing firms, and other companies to meet their needs in finished vehicle transport, component freight, and other areas.
Andrew Frank, managing Director at Trive Capital, said: “We are delighted to partner with RPM’s talented team, who have built an innovative business that benefits both shippers as well as carriers.” “The company will pursue excellence in logistic with its flexible and customer-centric service models, and Trive is looking forward to investing in the platform to help support its continued growth.”
Bluejay Capital focuses on investing in transportation and logistic businesses. Its team has over 120 years of operating experience combined in the sector.
Pierre Mathieu of Bluejay Capital Partners, the managing partner of Bluejay Capital Partners, says that “Partnering RPM is a great opportunity.” “We are excited to be a part of RPM’s ongoing growth and are confident in the company’s ability to seize new opportunities in the automotive and specialty transportation markets.”
Blake Bonner, a Trive partner, says that RPM represents a great opportunity to support a leader in the transportation industry. We believe that the company’s extensive service offerings and technological abilities are key differentiators on the market.
Visit rpmmoves.com for more information about RPM Freight Systems.