Goodwin Procter advised New York-based private equity firm Bregal Sagemount on its investment in Transflo, a provider of supply chain logistics technology to the transportation sector.
Simpson Thacher & Bartlett advised Transflo’s existing investor, San Francisco-based True Wind Capital.
K&L Gates advised Charlotte, N.C.-based Carousel Capital, which is Transflo’s first institutional investor and remains a minority stakeholder, according to a statement.
Financial terms of the transaction were not disclosed.
Tampa, Fla.-based Transflo says its cloud-based mobile, data, scanning, document management and other tools help thousands of fleets, brokers, and commercial vehicle drivers digitize documents and communicate. It says over $100 billion in freight spending flows over the Transflo network annually.
“We believe that Transflo is poised to expand its position as a leading cloud-based business intelligence and payments engine in the transportation sector,” said Philip Yates, a founding partner of Bregal Sagemount.
To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com
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