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Redwood Logistics Acquires Rockfarm Supply Chain Solutions, Fortifying Redwood’S Modern 4Pl Services

Jul 11, 2023•over 2 years ago

Acquiring Company

Redwood

Acquired Company

Rockfarm Supply Chain Solutions

Supply Chain ManagementLogisticsTransportationInformation Technology

Description

Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics (collectively referred to as “Rockfarm”). The acquisition fortifies Redwood’s modern 4PL services, supplementing its growing tech-enabled managed services and cementing its position as a market leader for supply chain integration. Together, Redwood will now represent a combined $5.5 billion in total platform freight under management between its 3PL and 4PL services.

Company Information

Company

Redwood

About

Redwood Logistics, a leading logistics platform company and modern 4PL headquartered in Chicago, has provided solutions for moving and managing freight for more than 21 years. The company’s diverse portfolio includes digital freight brokerage and flexible freight management all wrapped into a revolutionary logistics and technology delivery model, known as a modern 4PL. Redwood utilizes an open platform for digital logistics that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. For more information, visit www.redwoodlogistics.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed