Ep. #43: FreightVana Acquires Loadsmith Brokerage Operations - The Making of a Merger

FreightVana has acquired the brokerage operations of Loadsmith. We are joined this week for a special episode breaking down the making of the merger between these two organizations. FreightVana CEO Shannon Breen and Loadsmith CEO Brett Suma join the show to break down the deal, explaining why Loadsmith is divesting it's brokerage operations and why FreightVana is the perfect complementary partner. 

With mutual backgrounds at Knight, it was easy for Shannon and Brett to see eye to eye on how a deal like this could come together. Both organizations had a similar approach to brokerage, focusing on power only and leasing their own trailers to build an asset-like network for their shipper customers. These similarities should lead to an efficient integration opportunity.

Shannon and Brett explain the due diligence process and integration plans for the organizations, emphasizing the importance of transparency, learning from one another's teams, and making decisions in the best interests of their people and customers to ensure as much continuity as possible throughout the transition.

***Episode brought to you by Rapido Solutions Group. I had the pleasure of working with Danny Frisco and Roberto Icaza at Coyote, as well as being a client of theirs more recently at MoLo. Their team does a great job supplying nearshore talent to brokers, carriers, and technology providers to handle any role necessary, be it customer or carrier support, back office, or tech services.***

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*** This episode is brought to you by Rapido Solutions Group. I had the pleasure of working with Danny Frisco and Roberto Icaza at Coyote, as well as being a client of theirs more recently at MoLo. Their team does a great job supplying nearshore talent to brokers, carriers, and technology providers to handle any role necessary, be it customer or carrier support, back office, or tech services. Visit gorapido.com to learn more.

A special thanks to our additional sponsors:

• Cargado – Cargado is the first platform that connects logistics companies and trucking companies that move freight into and out of Mexico. Visit cargado.com to learn more.
• Greenscreens.ai – Greenscreens.ai is the AI-powered pricing and market intelligence tool transforming how freight brokers price freight. Visit greenscreens.ai/freightpod today!
• Metafora – Metafora is a technology consulting firm that has delivered value for over a decade to brokers, shippers, carriers, private equity firms, and freight tech companies. Check them out at metafora.net. ***