STG, a Menlo Park-based private equity firm, announced it has acquired Carrier Logistics Inc. (CLI), a provider of transportation management software for less-than-truckload carriers.
The acquisition is aimed at accelerating the development of an AI-native operating system for terminal-based motor carriers by integrating advanced agentic AI frameworks into CLI’s existing platform. The combined effort is expected to automate and optimize a wide range of operational processes while enhancing decision-making across logistics workflows.
CLI’s platform has historically focused on record-keeping and workflow orchestration, but STG plans to expand its capabilities by embedding agentic intelligence that enables automation while maintaining human oversight for complex scenarios. The next-generation system will include AI-driven capabilities such as autonomous dispatch and routing, predictive terminal optimization, and human-in-the-loop automation for exception handling.
STG said the investment reflects its broader strategy of building enterprise software platforms with AI-first innovation roadmaps. The firm plans to increase research and development spending to accelerate deployment of new capabilities, positioning CLI customers to transition from legacy systems to more intelligent, automated environments.
Carrier Logistics will continue serving its existing customer base, which includes carriers across the United States and Canada, while expanding its technology offerings to meet the evolving demands of high-velocity logistics operations.
Arcadia Capital served as financial advisor to Carrier Logistics, while Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor. Paul Hastings LLP served as legal advisor to STG.
KEY QUOTES
“CLI has always been dedicated to the success of our carriers. Joining forces with STG allows our existing team of industry experts to continue to serve customers through enhanced support capabilities. At the same time, STG’s investment in our transportation and freight management technology will allow us to maintain our position as the market-leading transportation management system for LTL and deliver the next generation of AI-driven tools that our clients need to remain competitive in a high-velocity environment.”
Ben Wiesen, President, Carrier Logistics Inc.
“We believe the LTL industry is at an inflection point where data is plentiful, but actionable intelligence is scarce. By acquiring CLI, we are not just buying a market leader; we are enabling the development of a brain into the nervous system of LTL operations. Our goal is to provide carriers with an agentic platform that automates the mundane and optimizes the complex, keeping the human operator at the center of the most critical decisions.”
Rushi Kulkarni, Managing Director & Co-Head of the Lower Mid-Market Allegro Strategy, STG
