Bluejay Capital Partners and Trive Capital completed the acquisition of RPM Freight Systems on August 14, 2024.

AcquirerBluejay Capital Partners, Trive Capital (US)
TargetRPM Freight Systems (US)
Type of dealacquisition
Deal valueundisclosed
Close dateAugust 14, 2024
Sell-side advisorsnot disclosed
Buy-side financial advisorsnot disclosed
Sell-side legal advisorsnot disclosed
Buy-side legal advisorsnot disclosed

Gladstone Capital Corporation provided financing to support the acquisition and future growth of RPM Freight Systems, a technology-driven transportation management solutions provider.

Deal Mechanics

The acquisition was funded through a debt facility arranged by Gladstone Capital. The exact terms and financial details were not disclosed.

Strategic Rationale

The private equity firms Bluejay Capital Partners and Trive Capital acquired RPM Freight Systems to capitalize on its technology-driven approach in the transportation management sector. RPM offers data-driven solutions for finished vehicle logistics and specialized freight markets across North America and Europe, serving more than 30 countries.

Financial Context

The acquisition aims to support RPM's future growth by leveraging Bluejay Capital’s operational expertise and Trive Capital’s strategic investments in middle-market companies. Gladstone Capital provided a debt facility to accommodate the deal's tight timeline and flexible capital structure needs, reflecting its prior experience with these firms.