Overhaul, an industry leader in active supply chain risk management and intelligence, announced the completion of $55 million in equity funding led by Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. The growth investment from Springcoast will fuel Overhaul’s continued advancements in AI and support its strategic acquisition roadmap.
This funding comes at a critical time for the industry. And macroeconomic and global trade dynamics are impacting supply chains. Cargo visibility and proactive risk management are essential for shippers managing new routes and suppliers. For this environment, Overhaul is uniquely equipped to expand its portfolio of solutions through product investment and acquisition.
Overhaul continuously safeguards over $1.4 trillion in cargo trade and achieves a 99.9% shipment protection rate. And the company delivers actionable visibility for millions of shipments and boasts an industry-leading 96% recovery rate for cargo theft. And as global supply chains face unprecedented changes, Overhaul remains at the forefront of enabling businesses to build world-class, secure, and resilient operations.
This strategic investment will enable the company to enhance its proprietary AI technology to identify and mitigate risks proactively, providing customers with unparalleled supply chain visibility and control; continue delivering solutions that empower customers to protect high-value, time and temperature-sensitive cargo, ensuring operational continuity and security; and identify and integrate key acquisitions that expand Overhaul’s reach and capabilities, accelerating its mission to lead the market in active risk management.
Chris Dederick and Holger Staude will join Overhaul’s board of directors in connection with the investment.
KEY QUOTES:
“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
