iDrive Logistics, a provider of shipping and fulfillment solutions for e-commerce businesses and 3PL fulfillment warehouses, has secured a growth loan from Decathlon Capital Partners. This multi-million-dollar investment package is designed to support iDrive’s ability to meet growing customer demand, deliver expanded functionality and provide greater value to its customers and partners.
“When I founded iDrive Logistics in 2008, my vision was to build a team of industry experts and create a network that delivers unmatched value for our customers,” Shaun Rothwell, founder and CEO of iDrive Logistics, said. “Today, we’ve managed billions in transportation and invested heavily in infrastructure and technology to meet the evolving needs of our clients.”
“This funding enables us to further develop and provide our innovative shipping technology to our customers and 3PL partners without giving up any equity or ownership of the company,” Brett Haskins, chief operating officer of iDrive Logistics, said.
“iDrive Logistics has built a remarkable reputation for helping e-commerce businesses succeed through their expertise and cutting-edge solutions,” John Borchers, managing director of Decathlon Capital Partners, said. “We’re excited to support their growth as they expand their offerings and continue to lead the way in supply chain innovation.”
Stillwater Capital, a transportation and logistics mergers and acquisition advisory firm, was the exclusive financial advisor to iDrive in the transaction. Stillwater’s deal team was led by Jordan Nix, executive vice president, with the support of Brad Kerkhof, vice president.
“The iDrive team has built a fantastic business that solves some of the biggest e-commerce fulfillment challenges in the market,” Nix said. “This investment will propel them to achieve the scale they deserve. Borchers and the Decathlon team are excellent capital partners that will help drive the business forward.”
