Overhaul raises $55 million
Overhaul, a provider of supply chain risk management and intelligence solutions, announced the successful completion of $55 million in equity funding led by Springcoast Partners, with participation from Edison Partners and Americo.
Founded in 2016 and headquartered in Austin, Overhaul is a supply chain integrity solutions company that allows shippers to connect disparate sources of data into “the first fully transparent situational analysis engine” designed for the logistics industry. Data that is transformed into critical insights can instantly trigger corrective actions, impacting everything from temperature control to handling requirements or package-level tracking.
Overhaul also offers cargo insurance through its in-house insurance agency and it claims to have developed specialty programs with A-rated underwriting partners.
Overhaul delivers actionable visibility for “millions of shipments” and “boasts an industry-leading 96% recovery rate for cargo theft.”
The growth investment will fuel Overhaul’s continued advancements in artificial intelligence and support its strategic acquisition roadmap.
“Springcoast’s investment, together with continued support from Edison Partners and Americo, is a testament to the strength of our vision and the value we deliver to our customers. The supply chain technology space will see significant consolidation over the next 12 to 24 months. Overhaul is well-positioned to establish itself as the ultimate integrated solution, delivering a comprehensive suite of tools for supply chain risk management, efficiency, and visibility under a single trusted platform. I am confident that Springcoast will play a pivotal role in supporting Overhaul’s leadership to successfully execute this vision.” – Barry Conlon, CEO of Overhaul.
“Overhaul goes beyond visibility, delivering actionable intelligence, robust risk management, and rapid ROI. Customer feedback has been exceptional. We look forward to partnering with Barry and his team to help strategically scale their business.” – Chris Dederick, Principal at Springcoast.
“Barry and his team have positioned Overhaul as a global leader in active supply chain risk management and intelligence. We believe the company’s fully integrated solution sets it apart in the market, and we are excited to support their go-forward growth plan.” – Holger Staude, Managing Partner at Springcoast.
