Skip to content
Search AI Powered

Latest Stories

Cargo theft prevention firm Overhaul lands $73 million backing

Funds will help finance its acquisition last month of supply chain visibility provider SensiGuard.

Overhaul-Homepage_SQUARE_1500x15004.jpeg

Supply chain visibility and risk analysis firm Overhaul today announced $73 million in new growth capital, saying the funding will enhance its platform that applies visibility, risk, compliance, and insurance solutions to help safeguard cargo.

The backing includes $38 million in equity and $35 million in non-dilutive debt. The investment round was led by Edison Partners, with participation from eGateway Capital, StepStone Group, and TRM Ventures. Previous investors Abbey International Finance, Avanta Ventures and Macquarie Capital also participated in the round. Stifel Bank provided the debt financing.


Texas-based Overhaul says it will use the fresh funds in part to fund its recent acquisition of SensiGuard security services from Sensitech, a Massachusetts-based firm that provides supply chain visibility solutions. According to Overhaul, buying that firm establishes Overhaul as “the global leader in in-transit supply chain risk management.” The SensiGuard deal more than doubled Overhaul’s headcount by adding over 350 employees and also grew its global footprint by bringing established offices in Brazil, Mexico, and Czech Republic. 

In Overhaul’s view, global supply chain disruptions and volatile markets are creating strong demand for solutions that can stop disruptions before they occur. The company says that its platform has a 96% recovery rate for full truckload (FTL) cargo theft and an 80% loss ratio reduction compared to the insurance industry benchmark.

“This latest growth financing positions Overhaul to be a front runner as a profitable business in real-time visibility and risk management with a fraction of capital but at a similar scale to unicorns in the space,” Barry Conlon, CEO and founder of Overhaul, said in a release. “The funding is also a validation of Overhaul’s commitment to transforming supply chain visibility and risk management and our strategy in the fluctuating LogTech market.”

 

 

Recent

More Stories

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations are prepared to meet future readiness demands

Just 29% of supply chain organizations have the competitive characteristics they’ll need for future readiness, according to a Gartner survey released Tuesday. The survey focused on how organizations are preparing for future challenges and to keep their supply chains competitive.

Gartner surveyed 579 supply chain practitioners to determine the capabilities needed to manage the “future drivers of influence” on supply chains, which include artificial intelligence (AI) achievement and the ability to navigate new trade policies. According to the survey, the five competitive characteristics are: agility, resilience, regionalization, integrated ecosystems, and integrated enterprise strategy.

Keep ReadingShow less

Featured

screen shot of returns apps on different devices

Optoro: 69% of shoppers admit to “wardrobing” fraud

With returns now a routine part of the shopping journey, technology provider Optoro says a recent survey has identified four trends influencing shopper preferences and retailer priorities.

First, 54% of retailers are looking for ways to increase their financial recovery from returns. That’s because the cost to return a purchase averages 27% of the purchase price, which erases as much as 50% of the sales margin. But consumers have their own interests in mind: 76% of shoppers admit they’ve embellished or exaggerated the return reason to avoid a fee, a 39% increase from 2023 to 204.

Keep ReadingShow less
robots carry goods through a warehouse

Fortna: rethink your distribution strategy for 2025

Facing an evolving supply chain landscape in 2025, companies are being forced to rethink their distribution strategies to cope with challenges like rising cost pressures, persistent labor shortages, and the complexities of managing SKU proliferation.

But according to the systems integrator Fortna, businesses can remain competitive if they focus on five core areas:

Keep ReadingShow less
artistic image of a building roof

BCG: tariffs would accelerate change in global trade flows

Geopolitical rivalries, alliances, and aspirations are rewiring the global economy—and the imposition of new tariffs on foreign imports by the U.S. will accelerate that process, according to an analysis by Boston Consulting Group (BCG).

Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9% annually for the next eight years, the firm forecasts in its report, “Great Powers, Geopolitics, and the Future of Trade.” But the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.

Keep ReadingShow less
woman shopper with data

RILA shares four-point policy agenda for 2025

As 2025 continues to bring its share of market turmoil and business challenges, the Retail Industry Leaders Association (RILA) has stayed clear on its four-point policy agenda for the coming year.

That strategy is described by RILA President Brian Dodge in a document titled “2025 Retail Public Policy Agenda,” which begins by describing leading retailers as “dynamic and multifaceted businesses that begin on Main Street and stretch across the world to bring high value and affordable consumer goods to American families.”

Keep ReadingShow less