Private equity firms Centre Partners and Altivare Capital Partners have acquired 3PL Navajo Expedited. The duo will advance the broker’s driver-vetting and pricing automation capabilities while seeking complementary acquisitions.
Lakeland, Florida-based Navajo Expedited, was previously part of Navajo Express, a 300-unit over-the-road and dedicated carrier based in Denver. Financial terms of the transaction were not disclosed.
Navajo Expedited is an eight-year-old truckload broker specializing in dry van and temperature-controlled transportation on time-sensitive and specialized lanes for food and beverage, consumer packaged goods and industrial shippers. It has a proprietary technology platform with a vetted carrier network of 8,000 operators.
The company is led by 15-year industry veteran Brandon Bodine. Bodine and the current management team worked together prior to starting Navajo Expedited.
“Our leadership team has worked together for many years, and we have invested early in automation because it makes us more reliable for shippers and easier to do business with for carriers,” said Bodine, founder and CEO, in a news release. “With Centre and Altivare behind us, we now have the capital and resources to accelerate what this team has spent years building.”
Centre’s investment will fund the 3PL’s next phase of growth, which may include acquisitions. The money will also be used to expand the company’s tech platform.
The deal was partially funded from Centre Strategic Solutions I, a dedicated fund established by Centre to support independent sponsor deals in the lower middle market.
“Expedited has built a differentiated freight logistics platform underpinned by longstanding customer relationships, exceptional service and proprietary agentic AI technology that is already improving driver vetting and load execution, said Bruce Pollack, managing partner at Centre.
“With a leadership team that has built and scaled freight logistics businesses together for more than 15 years, strong underlying customer demand and a highly scalable operating model, the Company has a compelling platform to accelerate market share gains through organic growth and strategic acquisitions.”
Why it matters? Private equity backing provides 3PLs with the capital needed to scale operations, expand service offerings and pursue strategic acquisitions. The deal also highlights a growing trend of consolidation across the freight brokerage sector following the Supreme Court’s landmark broker liability ruling.
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