Holland & Knight Advises Arrive Logistics in Securing Over $300 Million Investment from ATL Partners
DENVER (May 5, 2021) – Holland & Knight represented Arrive Logistics, a leading freight brokerage, in securing a more than $300 million investment from ATL Partners. The deal was announced on April 28.
Since Arrive was founded in 2014, its workforce has expanded from 10 to more than a thousand employees based at the company's headquarters in Austin, Texas, and in Chicago. The company has grown from $530 million of revenue in 2019 to $810 million of revenue in 2020 and is on pace to exceed $1.2 billion in 2021. It has developed a proprietary transportation management system that uses machine learning and automation to eliminate waste in the supply chain, drive productivity, and enable best-in-class service to shippers and carriers. Proceeds from this investment will enable the company to continue to invest in its proprietary technology, create new service offerings and expand its workforce.
The Holland & Knight team advising Arrive was led by Partners Shawn Turner, Kerry Kehoe and Mark Melton, with contributions from the firm's Denver, Boston, Dallas, Austin, Philadelphia, Miami and Orlando offices.
More information about the transaction can be found here.